New Zealand Dairy Auction Price Index Falls 0.6 Percent
The Global Dairy Trade price index declined 0.6 percent on June 2, reversing the prior session's 0.6 percent gain. Average winning prices fell to $4,021 per metric ton from $4,198.
rnz.co.nzThe decline reversed the previous session's 0.6 percent increase. Average winning prices dropped to $4,021 per metric ton from $4,198 in the prior auction.
Whole milk powder prices declined 2.2 percent, compared with a 1.2 percent gain in the previous session. The average winning price for whole milk powder fell to $3,706 per metric ton from $3,772. The auction covers multiple dairy categories traded in U.S. dollars per metric ton.
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