Prices have fallen again in the latest fortnightly global dairy trade auction.
Overall, prices fell by 2.2 percent, with an average of $US2,472 dollars a tonne.
Photo: RNZ / Alexander Robertson
It is the fifth consecutive decline in the index, but the rate at which prices are slipping is beginning to ease.
A key price that determines the payout to farmers, whole milk powder, fell 0.5 percent to $US2,390 dollars.
All prices apart from butter dropped, with cheddar down about 7 percent and skim milk powder 3.6 percent lower.
The amount of product sold at the overnight auction dropped 834 tonnes to 26,535.
