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Dairy prices have slipped once again at the latest fortnightly auction.
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Dairy prices have fallen fractionally in the latest fortnightly auction.
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Prices fell 9.3 percent in the latest fortnightly auction, the 10th fall this year.
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In the last fortnightly auction prices fell 8.4 percent - a 40 percent drop since February.
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The fortnightly auction, the biggest wholesale marketplace for milk powders and dairy produce, saw a near doubling in volumes made available.
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Fonterra's fortnightly auction, the biggest wholesale marketplace for milk powders and dairy produce, saw a near doubling in volumes made available.
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The latest rise in dairy prices in the fortnightly auction is lifting hopes that Fonterra can again lift its forecast payout to farmers.
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Ammerland will be the first to sell sweet whey powder through the GDT when it begins taking part in the fortnightly auction in September.
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Photo: RNZ The average price was 0.4 percent higher than the last fortnightly auction at $US3091 a tonne.
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International milk prices have dropped for the sixth time in a row at Fonterra's fortnightly auction, down 1.1%
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It handles catering, retail, office and household fixtures and fittings at fortnightly auctions.