Prices dropped sharply in Fonterra’s overnight GlobalDairyTrade auction.
The GDT Price Index plunged 5.1% to $US3302 a tonne and benchmark whole milk powder (WMP) dropped 6.7% to $US30991/t. This ate into solid recovery since prices bottomed out in July.
WMP accounted for about 55% of the
Want to read more? It's easy.
Choose your best value subscription option
Student
Exclusive offer for uni students studying at a New Zealand university (valued at $499).
