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17 Oct 2019 18:10
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  •   Home > News > Rural

    Dairy prices have dipped at Fonterra's latest Global Dairy Trade auction overnight

    Dairy prices have dipped at Fonterra's latest Global Dairy Trade auction overnight


    Fonterra
    Fonterra
    It's the first auction since the dairy giant announced expectations of a 675-million dollar loss for this financial year, after a huge write-down of assets.

    Overall prices are down 0.2-percent.

    The price of butter has plummeted 3.4-percent.

    However, the crucial whole milk powder price is up 2.1-percent.

    © 2019 Newstalk ZB, NZCity


     Other Rural News
     16 Oct: Despite public perception - a dairy farmer says most farmers... are doing they best job they can
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     08 Oct: A threat to meat and dairy farmers - and the national economy.
     02 Oct: Global dairy prices have risen slightly at Fonterra's latest overnight auction
     27 Sep: Shane Jones says Fonterra's executive needs to be pruned, as the dairy giant grapples with a 605-million-dollar loss
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