The latest trading event by Fonterra has showed the turnaround in dairy prices is gaining momentum. globalDairyTrade, Fonterra’s internet-based sales platform, concluded its October trading event this morning with average prices for Whole Milk Powder up 5.7%. Kelvin Wickham, Managing Director of Fonterra Global Trade, said it was expected prices would need to consolidate after the recent sharp rises. “We’ve seen a rebalancing in the market and we see market fundamentals supporting... ...Read more »

The world’s largest dairy exporter continues to see signs of recovery in the dairy market following a tumultuous year during which prices plummeted. Fonterra’s internet-based sales platform, globalDairyTrade, concluded its September trading event this morning with average prices for Whole Milk Powder surging 24.2%. 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$2,858... ...Read more »

The August trading event for Fonterra’s internet-based sales platform has seen the price for Whole Milk Powder surge 25.8%, a sign that dairy markets are beginning on a recovery path. 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$472 (A$561) per tonne higher than the July event as US$2,031 per tonne (A$2,412). Nigel Kuzemko, Director Commercial and Strategy at Fonterra Trade... ...Read more »

Dairy group Fonterra saw prices down across all contract periods, in its June internet auction globalDairyTrade, 12 per cent lower than for the previous trading event in May. The trading manager, CRA International, advised Fonterra that the average price achieved across all products and contract periods for Whole Milk Powder (WMP) was US$1,886 (AUS$2,291) per tonne FAS New Zealand Port. In May, prices ranged from US$1,795 (AUD$2,178) per tonne FAS to US$2,065 (AUD$2,506) per tonne FAS. “Today’s... ...Read more »

The dairy market remains cautious as the global recession continues to weigh on consumer demand, the world’s largest dairy exporter has advised. The May trading event for Fonterra’s internet-based sales platform, globalDairyTrade, concluded at this morning, with prices mixed within recent trading ranges. The trading manager, CRA International, advised Fonterra that the average price achieved across all products and contract periods for Whole Milk Powder (WMP) was US$2,144 per tonne FAS... ...Read more »

The April trading event for Fonterra’s internet-based sales platform, globalDairyTrade, saw prices rise for a second month as a result of robust demand.The trading manager, CRA International, reported that the average price achieved across all products and contract periods for Whole Milk Powder (WMP) was 3.5 per cent higher than for the previous trading event in March. “The firmer prices we’re seeing are encouraging and indicate that supply and demand fundamentals are coming back... ...Read more »

The March trading event for Fonterra’s internet-based sales platform, globalDairyTrade, concluded yesterday morning, with prices rising as a result of stronger demand.The trading manager, CRA International, advised Fonterra that the average price achieved across all products and contract periods for Whole Milk Powder (WMP) was US$2,158 per tonne FAS New Zealand Port. This was 16.6 per cent higher than for the previous trading event in February. Prices ranged from US$2,100 per tonne FAS to US$2,280... ...Read more »

The results from the January trading event of Fonterra’s internet-based sales platform, globalDairyTrade, has reflected a continued softening in international dairy prices. The trading manager, CRA International, advised Fonterra that the average price achieved across all products and contract periods for Whole Milk Powder (WMP) was US$2,017 per tonne FAS New Zealand Port – 9.3 per cent lower than for the previous trading event in December. Spot prices rose 1.3 per cent above those for... ...Read more »

The inaugural trading event for Fonterra’s new internet-based sales platform, globalDairyTrade, concluded this morning. The online trading platform plans by Fonterra were announced in April this year in response to price volatility, according to Managing Director of GlobalDairyTrade, Kelvin Wickham. “Everything is pointing to the fact that this volatility is going to continue and that prices will move up and down, often unpredictably in response to supply and demand shocks,” he said in... ...Read more »