20-08-2014 04:21 AM | New Zealand

Dairy prices flatten at Fonterra auction

Dairy prices were flat at the latest GlobalDairyTrade auction overnight, halting a price plunge that has forced Fonterra to cut its payout forecast.

And there are signs that prices could be stabilising after falling 40 per cent in the past six months.

Prices were down 0.6 per cent overall at the auction but whole milk powder, the biggest category by volume, increased in price by 3.4 per cent.
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