Fonterra reports fall in milk-powder prices

  • July 8, 2010
  • source: just-food

New Zealand dairy giant Fonterra has reported a fall in milk-powder prices in its latest internet auction as concerns over supplies started to ease.

The price of skim milk powder fell 11.8%, while the price of whole milk powder dropped 14.8% in the latest globalDairyTrade auction. The price of anhydrous milk fat fell 14.1%.

Paul Grave, globalDairyTrade manager, said the results reflected an increase in global supplies in response to “a very strong price signal” over recent months.

Concerns in the market about short-term product availability, which, to a large extent underpinned recent high prices, Grave said, appear to have eased.

just-food is the world’s leading portal for the global pre-packaged food and retail industries. Its daily mix of breaking news, views, analysis and research serves over 100,000 food executives each month. http://www.just-food.com/


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