(Repeats without change to text)
May 20 International milk prices fell while
volumes dropped in this month's second auction held by New
Zealand's Fonterra Co-operative Group, the world's biggest dairy
Fonterra's GDT Price Index dipped 1.8 percent, with an
average selling price of $3,873 per tonne, in the auction held
The index fell 1.1 pct at the previous sale, said Fonterra,
which is known for brands such as Anchor, Anlene and Fresh n'
A total of 33,677 tonnes was sold at the latest auction,
falling 11.8 percent from the previous one, the cooperative said
on its website (www.globaldairytrade.info).
The auctions are held twice a month, with the next one
scheduled for June 3.
The auction results can affect the New Zealand dollar
as the dairy sector generates more than 7 percent of the
nation's gross domestic product.
The New Zealand milk co-operative, which is owned by about
10,500 farmers, controls nearly a third of the world dairy
(Bangalore Commodities desk)