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Milk powder prices rise 1.9% in latest Fonterra online auction

Milk powder prices rise 1.9% in latest Fonterra online auction
16th Sep 10, 9:00am by Gareth Vaughan

Prices at Fonterra's latest online milk powder auction rose 1.9% overnight.

The rise comes on top of a 16.9% jump at Fonterra's last internet auction on September 2.

The average selling price for all contracts, across all product lines, was US$3663 a tonne.

Dairy prices

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4 Comments

by  Colin Riden  |  16th Sep 10, 9:13am 1284585206

Gareth,

Can you please explain where the 1.9% rise in milk powder prices of your headline came from?

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by  Gareth Vaughan  |  16th Sep 10, 11:17am 1284592668
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by  Colin Riden  |  16th Sep 10, 11:52am 1284594729

That was the page I was looking at when I asked the question. In terms of milk powders it gives:

BMP down 6.4%
SMP up 1.0%
WMP up 1.4%

AMF is well up, but that is not a milk powder.

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by  Gareth Vaughan  |  16th Sep 10, 11:59am 1284595199

The overall rise is 1.9%.

Prices rose 1.9% to US$3,663 a tonne, based on the gDT-TWI, an index of the four products on offer – whole milk powder, skim milk powder, butter milk powder and anhydrous milk fat.

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