Prices of dairy products sold on Fonterra s GlobalDairyTrade platform fell for the third time in four sales with declines for all six product types on offer.
The GDT-TWI Price Index fell 0.9 per cent from the last sale a fortnight ago. The average winning price across all products dropped to US$3,666 per metric tonne.
See more details of the auction here.
The price of whole milk powder fell 0.9 per cent to US$3,533. Whole milk powder typically accounts for more than half the product sold on the platform.
A total of 28,011 metric tonnes of product was sold, down from 31,026 tonnes in the previous auction.