Dairy commodity prices slipped at Fonterra's overnight online auction, with the globalDairyTrade trade weighted index down 2.5 percent from the previous auction.It was the second decline in a row, following a fall of 1.3 percent a fortnight ago. The avera
Dairy commodity prices slipped at Fonterra's overnight online auction, with the globalDairyTrade trade weighted index down 2.5 percent from the previous auction.
It was the second decline in a row, following a fall of 1.3 percent a fortnight ago. The average winning price overnight was $US3506 ($NZ4708) .
For anhydrous milk fat, the average price fell 1.2 percent overnight to $US5196, butter milk powder was down 1.1 percent to $US3033, skim milk powder fell 4.7 percent to $US3072, and whole milk powder slipped 1.1 percent to $US3484.
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