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Home / Business

Third fall for NZ dairy products

BusinessDesk
2 Feb, 2012 04:30 PMQuick Read

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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.

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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.

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