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Weak global demand sees dairy prices fall

Author
Newstalk ZB staff,
Publish Date
Wed, 18 Oct 2017, 7:31AM
Overall prices have slumped one-percent, and the crucial whole milk powder price is down point-five percent. (Photo \ Getty Images)

Weak global demand sees dairy prices fall

Author
Newstalk ZB staff,
Publish Date
Wed, 18 Oct 2017, 7:31AM

Weak global demand has seen dairy prices fall at the latest Global Dairy Trade auction.

Overall prices have slumped one-percent, and the crucial whole milk powder price is down point-five percent.

JMIS director Andrew Kelleher said supply is starting to pick up after a wet start to the season.

He told Mike Hosking demand isn't keeping up.

"Fonterra did put a little bit of extra supply into this auction so we're looking for a little bit more action from the demand side of the equation."

LISTEN ABOVE AS ANDREW KELLEHER SPEAKS WITH MIKE HOSKING

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