5.1% drop in a new Global Dairy Trade event.
This year's Fonterra director elections have kicked off.

AMF index down 0.3%, average price US$4,866/MT
Butter index down 2.4%, average price US$3,886/MT
Ched index up 1.7%, average price US$3,869/MT
LAC index up 0.6%, average price US$787/MT
RenCas index up 2.6%, average price US$8,260/MT
SMP index down 6.3%, average price US$2,867/MT
SWP index not available, average price not available
WMP index down 6.7%, average price US$3,099/MT

In the coming weeks, a significant decision awaits dairy farmers as they prepare to cast their votes on a critical package of milk marketing reforms.

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