Fonterra's latest online global dairy auction has shown a 3.5 percent drop in prices.
Whole milkpowder (WMP) prices fell 3.4 per cent, while skim milkpowder (SMP) was down 6.2 per cent.
Total value of $138 million of products was traded.
The next global auction event will be on July 6
Dairy Diary gives an update of what is happening in the New Zealand dairy industry over the next few months.
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