Oct 15 (Reuters) - International milk prices fell for the first time in around a month, while volumes dropped in the latest auction held by New Zealand's Fonterra Co-operative Group, the world's biggest dairy exporter.
Fonterra's GDT Price Index, formerly the Global Dairy Trade-Trade Weighted Index, fell 1.9 percent, with an average selling price of $4,888 per tonne, in the auction held on Tuesday.
The slide followed a 2.4 percent rise in the previous sale, said Fonterra, which is known for brands such as Anchor, Anlene and Fresh n' Fruity.
A total of 43,261 tonnes was sold, down 4.4 percent on the previous auction, the co-operative said on its website (www.globaldairytrade.info).
The auctions are held twice a month with the next one due on November 5.
The auction results can affect the New Zealand dollar as the dairy sector is a major export earner for the country and generates more than 7 percent of gross domestic product.
The New Zealand milk co-operative, owned by around 10,500 farmers, controls nearly a third of the world dairy trade.
(Reporting by Arpan Varghese in Bangalore; editing by James Jukwey) Keywords: FONTERRA AUCTION/RESULTS
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