The average price index at today’s GDT auction for Fonterra, the first for three weeks, was down 1.0%, the second consecutive fall. WMP was down 1.5% with an average price of US$4,532/t, butter was down 0.6% at $6,891/t, AMF was down 2.5% at $6,908/t and lactose was also down 0.6% at $1,598/t. SMP was up 1.0% at $4,599/t, Cheddar was up 2.7% at $6,472/t, and BMP was up 6.3% from 5wks ago at $4,461/t. A total 21,551t of product was sold, down 7.6% from last time and down 14% from a year earlier.
