Wake Up Call: Dairy price drop

Fonterra has diverted almost an entire auction’s worth of whole milk powder away from the auction. (Image: Getty)

Wed, 04 Aug 2021

Summary Dairy prices continued their downward trend. More than a few broken hearts, as well as gaps at restaurant tables, will be left behind as Amazon finishes its Auckland-based filming and US staff begin to return home.Dairy drops Prices at the Global Dairy Trade auction fell for the eighth time in a row, falling 1% in its latest auction with the average sign price at US$3,784 per tonne. Analysts at the NZX said this event was a little different to the last seven, however, with prices increasing for every commodity except whole milk powder (...

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