Global dairy prices fall

Global dairy prices fall
(Image: Supplied)
Staff reporters
Global dairy prices fell slightly overnight, although the losses "were softer than those recorded at the previous auction". Tuesday night’s Global Dairy Trade auction saw the Price Index fall 0.8% despite 5.7% less product being sold and weaker bidding ratios. Only cheddar managed an uplift of 2.2% to US$4,814 (NZ$8,042).NZX's head of dairy insights, Cristina Alvarado, said in a statement that regional buying activity helped prevent a deeper fall, as Southeast Asia/Oceania and the Middle East lifted their purchasin...