Global Dairy Trade auction dips slightly 4 May, 2021 06:50 PM 2 minutes to read The Country Prices in the latest Global Dairy Trade auction have dipped for the second event in a row, with a 0.7 per cent drop across the board. Whole Milk Powder - which has the biggest influence on Fonterra's farmgate milk price - rose 0.7 per cent to an average US$4,115/MT, while Skim Milk Powder - Fonterra's second biggest reference product - lifted 2.0 per cent to an average US $3,433/MT. Butter Milk Powder posted the biggest increase - up 14.4 per cent to an average US$4,222/MT, but with very little product on offer.