[20 December/The Country]

Dairy prices fell at Wednesday’s Global Dairy Trade auction with an unexpected fall in Whole Milk Powder. The index declined 3.9% to USD2,969 with 29,592 tonnes of product being sold. The key whole milk powder price fell 2.5%. Analysts suggested that production data showing New Zealand production up by 3.4% in November may have contributed to buyer apathy, despite the outlook for drier conditions and a slowing in production growth. The auction also saw cheddar, AMF, rennet casein, skim milk powder and butter prices fall.