Milk prices continue to stabilise: Fonterra

Posted by Isobel Drake on 6th April 2009

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 into balance,” said Kelvin Wickham, Fonterra’s Managing Director of Global Trade. “It’s encouraging to see some stability in the market and while some economic risks remain, we are positive about the medium-term outlook.”