Fonterra’s GlobalDairyTrade price index falls 7.3%, NZD drops

Results of the Fonterra dairy auction:

• Globaldairytrade price index -7.3%
• Average price $2,599
• Milk powder prices -10.0%
• Milk powder average $2,433
• Seven consecutive months of declines

From Fonterra’s website:

GlobalDairyTrade price index