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25 May 2020 13:27
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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.

    © 2020 Newstalk ZB, NZCity


     Other Rural News
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     24 Apr: Dairy giant Fonterra is persisting with its fifteen to twenty cents share forecast in spite of Covid 19's impact on milk trading
     14 Apr: Dairy farmers are facing a dismal milk 5 dollars 60 a kilogram payout forecast next season - because of the coronavirus crisis
     28 Mar: During the coronavirus lockdown many farmers are still struggling with Mycoplasma bovis
     24 Mar: Heightened health protocols will cause only minor hold-ups to Fonterra's milk operations through the four-week lockdown
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