Provided by NZX
  • FSF5.69

    $0.030.53%

  • Open 5.66 High 5.71 Low 5.66 Bid Price 5.68

    Offer Price 5.69 Value 5836630.64 Volume 1028107

Current as of 29/07/16 07:39PM NZST

Third fall for NZ dairy products

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 a fortnight ago. The average winning price across all products dropped to US$3666 a metric tonne.

The price of whole milk powder - usually more than half the product sold - fell 0.9 per cent to US$3533.

A total of 28,011 tonnes of product was sold, down from 31,026 tonnes.

Skim milk powder fell 0.5 per cent to US$3296 a tonne. Anhydrous milk fat dropped 3.5 per cent to US$3942 a tonne and cheddar declined 1.1 per cent to US$3640 a tonne.

Milk protein concentrate fell 4.9 per cent to US$5569 a tonne and rennet casein dropped 4.3 per cent to US$7715 a tonne.

There were 118 winning bidders from a total 155 participants.

- BusinessDesk

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