3 Aug 2011

Dairy prices fall at latest Fonterra auction

7:16 am on 3 August 2011

The dairy co-operative's global dairy trade-weighted index fell 1.3% to an average selling price of $US3716 a metric tonne.

Prices for whole and skim milk powder, anhydrous milk fat and cheddar cheese all fell, but butter milk powder and milk protein concentrate rose.

Prices have fallen at the last four auctions.