Global dairy trade auction sees 1.8% fall in prices
Average prices paid at today’s Fonterra auction fell by 1.8%, compared with those recorded at the event held on April 6, with an average selling price of $3,873 per tonne.
Although today’s result shows a minimal fall of just under 2%, it comes on the back of seven auctions in a row which have seen price falls since February. It is important to note that the auction on the 01 April was also down a significant 8.9% on March figures.
Chedder and butter were among the products affected by the change in market conditions, with price falls of 2.1% and 3.8% registered respectively.