Milk prices fall 1.2% and volumes dip 2.3% at latest Fonterra auction

International milk prices fell in the second auction this month and volumes dipped in the sale held by New Zealand’s Fonterra Co-operative Group.

Fonterra’s GDT Price Index dropped 1.2%, with an average selling price of $5,016 (€3,650) per tonne, in its latest auction.

The decline followed a 0.5% jump in the previous sale, said Fonterra.