Talk Money: August 5, 2015

  • 05/08/2015
Talk Money: August 5, 2015

Dairy farmers have woken to another morning of grim news.

Prices have fallen for the tenth consecutive time at this morning's Global Dairy Trade auction.

The average price fell by nine percent, with whole milk powder prices falling by 10 percent.

The auction comes just a day before the Fonterra board members gather for a two day meeting at which they will review the forecast milk payout price for this season.

The current forecast of $5.25 is widely expected to be cut by more than a dollar.

Watch the video.