The Country
  • The Country home
  • Latest news
  • Audio & podcasts
  • Opinion
  • Dairy farming
  • Sheep & beef farming
  • Rural business
  • Rural technology
  • Rural life
  • Listen on iHeart radio

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • Coast & Country News
  • Opinion
  • Dairy farming
  • Sheep & beef farming
  • Horticulture
  • Animal health
  • Rural business
  • Rural technology
  • Rural life

Media

  • Podcasts
  • Video

Weather

  • Kaitaia
  • Whāngarei
  • Dargaville
  • Auckland
  • Thames
  • Tauranga
  • Hamilton
  • Whakatāne
  • Rotorua
  • Tokoroa
  • Te Kuiti
  • Taumurunui
  • Taupō
  • Gisborne
  • New Plymouth
  • Napier
  • Hastings
  • Dannevirke
  • Whanganui
  • Palmerston North
  • Levin
  • Paraparaumu
  • Masterton
  • Wellington
  • Motueka
  • Nelson
  • Blenheim
  • Westport
  • Reefton
  • Kaikōura
  • Greymouth
  • Hokitika
  • Christchurch
  • Ashburton
  • Timaru
  • Wānaka
  • Oamaru
  • Queenstown
  • Dunedin
  • Gore
  • Invercargill

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In

Advertisement
Advertise with NZME.
Home / The Country

World dairy product prices dip for eighth straight sale, falling 1.6pc

BusinessDesk
4 Oct, 2011 06:45 PM2 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save
    Share this article
World dairy prices have dipped again on Fonterra's overnight auction. Photo / Brett Phibbs
World dairy prices have dipped again on Fonterra's overnight auction. Photo / Brett Phibbs

World dairy prices have dipped again on Fonterra's overnight auction. Photo / Brett Phibbs

Average prices of dairy products fell for an eighth straight sale at Fonterra's latest online auction, tracking global commodities lower as Europe's debt woes stoked concern the world economy is stumbling.

The GDT-TWI Price Index fell 1.6 per cent, according to results posted on the globalDairyTrade auction website. The average winning price fell to US$3,449 a metric tonne, the lowest since August last year, when prices reached US$3,080 a tonne.

The Thomson Reuters/Jefferies CRB Commodity Index fell 1.1 per cent overnight and has declined to the lowest level since November. The European Union has hinted that holders of Greek bonds will face bigger losses than expected and Goldman Sachs Group is now forecasting recessions for Germany and France, helping take the steam out of prices for raw materials.

Whole milk powder fell 0.7 per cent to US$3,309 a tonne in the latest sale. Skim milk powder dropped 0.3 per cent to US$3,193. Anhydrous milk fat sank 3.5 per cent to US$3,703 a tonne and milk protein concentrate rose 0.5 per cent to US$6,713 a tonne. Rennet casein fell 7.2 per cent to US$8,181 a tonne. Butter milk powder rose 3.2 per cent to US$3,075 a tonne and cheddar fell 4.9 per cent to US$3,800 a tonne.

There were 129 winning bidders from 155 participants over 12 rounds. The platform has 427 qualified bidders, up from 417 at the last auction.

All Access. All in one subscription. From $2 per week
Subscribe now

All Access Weekly

From $2 per week
Pay just
$15.75
$2
per week ongoing
Subscribe now
BEST VALUE

All Access Annual

Pay just
$449
$49
per year ongoing
Subscribe now
Learn more
30
Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

Discover more

Companies

International dairy prices drifting down

21 Sep 05:30 PM
Economy

Fonterra pours $10b into economy

21 Sep 10:52 PM
Agribusiness

New Fonterra chief wary of volatility

28 Sep 04:30 PM
Opinion

Brian Gaynor: Guiding hand behind dairy's success story

30 Sep 04:30 PM
Save
    Share this article

Latest from The Country

The Country

How Sally plans to transform farm education for kids

The Country

Kiwifruit growers eye positive returns

The Country

Moo-dern Love: Using ChatGPT to breed better cows


Sponsored

Solar bat monitors uncover secrets of Auckland’s night sky

Advertisement
Advertise with NZME.

Recommended for you

Samoa closes schools as fight against dengue ramps up after second child dies
Talanoa

Samoa closes schools as fight against dengue ramps up after second child dies

Four jockeys taken to hospital after nasty fall at Te Rapa race meet
Racing

Four jockeys taken to hospital after nasty fall at Te Rapa race meet

Spicy kimchi noodles: A comforting twist for chilly days
Lifestyle

Spicy kimchi noodles: A comforting twist for chilly days

Bottom-of-the-table Titans hold slim halftime lead over Warriors
Warriors

Bottom-of-the-table Titans hold slim halftime lead over Warriors

Why Auckland's new hysteroscopy service is a game changer for women
New Zealand

Why Auckland's new hysteroscopy service is a game changer for women

Warriors Women dealt third loss of season after strong Titans showing
Warriors

Warriors Women dealt third loss of season after strong Titans showing



Latest from The Country

How Sally plans to transform farm education for kids
The Country

How Sally plans to transform farm education for kids

Meet Sally Newall, 'vet, mother, farmer, writer, lover of animals and homesteader'.

25 Jul 05:00 PM
Kiwifruit growers eye positive returns
The Country

Kiwifruit growers eye positive returns

25 Jul 05:00 PM
Moo-dern Love: Using ChatGPT to breed better cows
The Country

Moo-dern Love: Using ChatGPT to breed better cows

25 Jul 05:00 PM


Solar bat monitors uncover secrets of Auckland’s night sky
Sponsored

Solar bat monitors uncover secrets of Auckland’s night sky

06 Jul 09:47 PM

NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • NZ Herald e-editions
  • Daily puzzles & quizzes
  • Manage your digital subscription
  • Manage your print subscription
  • Subscribe to the NZ Herald newspaper
  • Subscribe to Herald Premium
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
All Access. All in one subscription. From $2 per week
Subscribe now

All Access Weekly

From $2 per week
Pay just
$15.75
$2
per week ongoing
Subscribe now
BEST VALUE

All Access Annual

Pay just
$449
$49
per year ongoing
Subscribe now
Learn more
30
TOP
search by queryly Advanced Search