Australia’s largest dairy exporter, the Murray Goulburn Co-operative, has become the third major dairy supplier to participate in the New Zealand-based GlobalDairyTrade auction platform, joining Fonterra and Dairy America. Murray Goulburn will begin offering lactose through the auction platform from 3 April 2012. GlobalDairyTrade began in 2008 as a single-seller auction for whole milk powder. It appears to be transforming into a platform for companies to trade commodity dairy products internationally.... ...Read more »

Fonterra announced this week that cheddar cheese would be offered for sale on its globalDairyTrade electronic trading platform from the 19 July event. The addition will expand the range of products available on the platform to seven, including Whole Milk Powder, Skim Milk Powder, Butter Milk Powder and Anhydrous Milk Fat. Fonterra will begin offering Milk Protein Concentrate and Rennet Casein from the 17 May event. Ian Palliser, Director of Optimisation, Trading and Sourcing, said adding cheese was... ...Read more »

Fonterra, the world’s number on dairy exporter, has decided to open up its globalDairyTrade auction site to allow other processors to sell dairy products on the platform.The New Zealand-based company, which launched the site in 2008, said dairy companies including Arla Foods and FrieslandCampina had helped develop a “draft set of market rules” to allow more than one seller to use the platform. However, so far, no other company has decided to join Fonterra on the site. Fonterra is... ...Read more »

Fonterra has announced an increase in its forecast Milk Price for the 2010/11 season from $6.60 to $6.90 per kilogram of milksolids (kgMS). Fonterra Chairman Sir Henry van der Heyden said the Board’s decision to raise the forecast Milk Price reflected the continuation of high international dairy prices further into the 2010/11 season. Chief executive Andrew Ferrier said global markets for key dairy ingredients remained finely balanced, with solid demand being underpinned by some growth in supply... ...Read more »

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... ...Read more »

Fonterra announced today that, as of September, their online globalDairyTrade milk auction events will run twice a month. “This will add more depth and credibility and even more transparency around pricing trends,” said Kelvin Wickham, Fonterra Managing Director, Global Trade. “With a more frequent pricing signal, market participants will be able to have even more confidence they have up-to-date information on the current balance of supply and demand.” Fonterra’s globalDairyTrade’s... ...Read more »

Global dairy giant Fonterra has seen the average price for Whole Milk Powder drop 1.6% via its monthly internet-based sales platform globalDairyTrade – the second consecutive monthly decline after five months of consistent growth. The dairy market remains much stronger than it was this time last year, however. The trading manager, CRA International, advised that the average price achieved across all contracts and contract periods for Whole Milk Powder (WMP) was US$3,256 per tonne FAS. Prices... ...Read more »

Sales on Fonterra’s internet-based trading platform, globalDairyTrade, have reached $US1 billion over the 19 trading events since launch in July 2008, with the world’s biggest dairy exporter aiming to create a futures market for dairy products. The site, introduced to help Fonterra and its customers manage price exposure in the market, was criticised in its early days, but globalDairyTrade Manager Paul Grave said the criticism had now largely disappeared. “Some commentators credited... ...Read more »

Fonterra has seen continued strength in milk prices via their internet-based sales platform, a further sign that the dairy market is recovering. The New Zealand dairy giant concluded its globalDairyTrade December trading event this morning with the average price for Whole Milk Powder up 3.6%. The trading manager, CRA International, advised Fonterra that the average price achieved across all contracts and contract periods for Whole Milk Powder (WMP) was US$3,560 per tonne FAS. This was US$123 per... ...Read more »

The latest globalDairyTrade event, Fonterra’s internet-based sales platform, has again provided optimism for the dairy sector, with the average price for Whole Milk Powder surging 13.7%. The trading manager, CRA International, advised Fonterra that the average price achieved across all contracts for Whole Milk Powder (WMP) was US$3,437 (A$3800) per tonne FAS, some $415 per tonne higher than the October event. Nigel Kuzemko, Director Commercial & Strategy, Fonterra Trade & Operations,... ...Read more »