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7 Jul 2020 8:33
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  •   Home > News > Rural

    Global dairy prices have taken a hit, following the outbreak of the deadly coronavirus in China

    Global dairy prices have taken a hit, following the outbreak of the deadly coronavirus in China


    Fonterra
    Fonterra
    Overall prices are down 4.7 percent at Fonterra's latest overnight auction.

    The crucial whole milk powder price has been particularly affected -- down 6.2 percent from a fortnight ago.

    The skim milk powder price is also down -- falling 4.2 percent on a fortnight ago.

    This auction's fall comes on the back of two rises.

    © 2020 Newstalk ZB, NZCity


     Other Rural News
     26 Jun: Manawatu dairy farmer Andrew Hoggard is the new president of Federated Farmers
     26 Jun: Former Zespri chairman Peter McBride will lead the boardroom of the country's largest company
     26 Jun: Fonterra is replacing its retiring chairman John Monaghan with Tauranga dairy farmer and kiwifruit grower Peter McBride
     24 Jun: The global demand for sheep milk is growing, and Kiwi farmers are responding
     23 Jun: Fonterra farmers who produce sustainable, high quality milk will soon be eligible for a new payment of up to 10 cents per kg of milksolids
     15 Jun: Dairy farmers aren't overly optimistic that a wide ranging milk payout will be narrowed
     03 Jun: Dairy farmers have agreed to again bankroll their industry organisation
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