Overall prices are down 2.9 percent at the latest fortnightly auction overnight -- following a 4.7 percent fall two weeks ago.

The crucial whole milk powder price is down 2.6 percent.

The price of skim milk powder is down 2.6 percent, while the butter price is down 3.9 percent.

>> More Rural News

Other Rural News

23 Apr: Sheep farmers are being urged to hang on

21 Mar: The boss of Fonterra is playing down concerns about the Chinese market

21 Mar: A good news day for Fonterra shareholders

21 Mar: Dairy farmers will be breathing a sigh of relief with Fonterra's latest results

20 Mar: There's bad news for dairy farmers on the eve of Fonterra's half year results -- with dairy prices dropping a further 2.8 percent at the latest Global Dairy Trade auction this morning

13 Mar: Sheep and beef farmers are looking down the barrel of their worst year in 15 years

07 Mar: Sheep and goat milk farmers are being left with few options as the sector grinds to a halt

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