[21 November/Radio NZ] T

he latest Global Dairy Auction saw average dairy prices slip 3.5 percent to USD2,727 a tonne. The key whole milk powder price fell 1.8 percent, while skim milk powder fell 1.6 percent and butter fell 9.6 percent. NZX dairy analyst Amy Castleton said whole milk volumes were at a peak, with October production volumes at their highest level ever, up 6.5 percent on last year. Ms Castleton stated that New Zealand milk production has been very good, however it was starting to slip back in Europe and the United States. Ms Castleton said prices were expected to continue to decline for a short while, but may revive a bit next year.