Dairy prices fall 5.9 percent
Wed, 04 Jul 2012 7:28a.m.
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.
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