Dairy prices fall 5.9 percent

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Dairy prices fall 5.9 percent

3News NZ

Dairy prices have fallen again in Fonterra's latest online auction (file)

Dairy prices have fallen again in Fonterra's latest online auction (file)

By 3 News staff

Dairy prices have fallen again in Fonterra's latest online auction.

The average selling price fell 5.9 percent to $2844 per metric tonne.

Whole milk powder prices fell 4 percent.

Fonterra cuts its forecast 2012 milk price in back May and signalled a lower payout for 2013.

The drop in the online auction price comes a day after new zealand commodity prices fell to a two year low in ANZ's latest Commodity Price Index.

It was the fifth month in a row the index had fallen.

3 News

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