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6 Jun 2020 11:01
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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
     03 Jun: Dairy farmers have agreed to again bankroll their industry organisation
     29 May: Fonterra says its China dairy import volumes climbed 10.1 per cent in March after two consecutive months of declines
     21 May: Fonterra continues to strengthen its balance sheet
     21 May: Fonterra is on course to inject 11 billion dollars into the economy this year
     05 May: People made redundant from Covid 19 are the target of farmers with jobs to fill on dairy farms
     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
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