date:Oct 22, 2015
A two-month rally in global milk prices ended as prices at GlobalDairyTrade dipped, defying investor expectations.
Prices on the platform, which is run by New Zealand milk giant Fonterra, fell by 3.1% at Tuesdays event.
The decline ended a winning streak at the twice-monthly auction which had lasted back to mid-August, and lifted prices by more than 60%.
The sharpest price drops on Tuesday were seen in butter, with a fall of 11.1%, in whole milk powder, of which values dipped by 4.6%, in skim