NZ kiwifruit holding ground in global markets
The fight for global customers by fruit producers and marketers is on.
New Zealand's key export product whole milk powder saw a decrease of 1.8% to US$2,386/tonne.
While the average price for skim milk powder, fell 7.5% to US$2,048.
However, butter milk powder and rennet casein had the greatest decreases; butter milk powder dropped 14% to US$1,748, rennet casein was down 11% to US$6,094.
Anhydrous milk fat and butter also fell with drops of 6.3% to US$3,505 and 0.8% to US$3,005 respectively.
Cheddar was the only product to see gains in the auction, with an average rise of 9.1% to US$3,012.
This will be bad news for dairy farmers still reeling after Fonterra lowered its farmgate milk price forecast last week from $4.70 kgMS from $4.50.
Key Prices
AMF index down 6.3%, average price US$3,505/MT
Butter index down 0.8%, average price US$3,005/MT
BMP index down 14.0%, average price US$1,748/MT
Ched index up 9.1%, average price US$3,012/MT
LAC index not available, average price not available
RenCas index down 11.0%, average price US$6,094/MT
SMP index down 7.5%, average price US$2,048/MT
SWP not offered
WMP index down 1.8%, average price US$2,386/MT
