date:Jul 16, 2014
Average prices paid at todays Fonterra dairy auction fell by 8.9%, compared with those recorded at the event held on July 1, with an average selling price of $3,309 per tonne.
Todays result comes on the back of a 4.9% fall at the last auction, prior to that nine of the last 10 auctions in a row have seen price falls since February. It is important to note that todays auction is the most significant fall since April 1 where the trade was also down over 8% on March figures.
Whole milk powder and