Milk price down again

The trade weighted index price dropped 6.7% at Fonterra’s golobalDairy Trade auction yesterday.

Whole milk powder was down 6.8% to $3,638/MT; skim milk powder was down 7.2% to $3,704/MT; anhydrous milk fat fell 1.4% to $5,278/MT;  rennet casein went up 1% to $10,161/MT and milk protein concentrate dropped 3.6% to $6,174/MT.

Prices are still above the long term average and about 3% higher than at this time last year.