Sluggish demand from China continues to weigh down on dairy prices

The price of Whole Milk Powder is down 1.6 percent at this morning's Global Dairy Trade auction, following a 4.3 percent drop a fortnight ago.

The price of Skim Milk Powder is down 1.1 percent, following a 6.1 percent drop at the last auction.

Overall prices are up 0.4 percent, after plunging 6.9 percent a fortnight ago, despite most analysts expecting a drop.

That's due to rising prices for anhydrous milk fat, cheddar and butter.