Whole milk power gains in Fonterra’s GDT auction as overall price index slips

Tue, 19 Jun 2012

June 20 (BusinessDesk) - Whole milk powder rose in Fonterra’s latest GlobalDairyTrade auction, even as overall prices of dairy products slipped, keeping the price index at its highest level since April 3. The GDT-TWI Price Index fell 0.5 percent compared to the last sale in early June, when the index rebounded from a three-year low. The average winning price rose to US$3,042 a metric tonne from US$2,899 a tonne two weeks ago. Whole milk powder rose 2.7 percent to US$2,886 a tonne, the highest since early April. Last month Fonterra, the world...

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