Global prices fall again

05 Sep, 2018 10:59 AM
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Prices continued the downward trend on the Global Dairy Trade auction on Tuesday night. Source: Global Dairy Trade
The average price dipped below the $US3000 a tonne mark for the first time this year ...
Prices continued the downward trend on the Global Dairy Trade auction on Tuesday night. Source: Global Dairy Trade

Prices fell again on the Global Dairy Trade auction on Tuesday night.

The auction concluded with the GDT price index down 0.7 per cent.

The average price dipped below the $US3000 a tonne mark for the first time this year to close at $US2980/tonne.

The fall was led by the key whole milk powder index, which was down 2.2 per cent to $US2821/tonne.

The butter index also fell sharply, down 2.8 per cent.

But some commodities bucked the trend with cheddar up 4.2 per cent and skim milk powder up 2.2 per cent.

Read more: Fonterra slashes forecast NZ farmgate price

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