NZ - 18% rise in milk powder prices
10 Sep 2010
Fonterra Co-Operative Group Ltd. said its Internet-based auction for early September saw average 
whole-milk powder prices jump 18.8% after falling since May, something economists said will increase the chances the dairy giant meets its forecast milk payout for the 2010-2011 production season, pumping billions of dollars into the New Zealand economy.
The Auckland dairy multinational and the world's largest exporter of dairy products said the average selling price for whole-milk powder was US$3,522 a metric ton, against US$2,974 a ton in August.
Source: newsroom - meattradenewsdaily.co.uk
Back to News Headlines