date:Jul 03, 2015
Hopes of a floor in dairy prices were dashed as values at GlobalDairyTrade auction fell to new six-year lows, with whole milk powder leading the move down.
The GlobalDairyTrade index, based on prices paid at twice-monthly auctions, fell 5.9% from the last trading event.
The sharpest falls was seen in whole milk powder, for which average prices tumbled 10.8% from the last auction, on June 16.
Prices of skimmed milk powder dropped 5.8% while anhydrous milk fat powder fell by 1.6%. Prices have