Prices have again risen at Fonterra’s GlobalDairyTrade auction, but at a more subdued level than in previous events.
The GDT price index was up 1.7 per cent on Wednesday morning (NZT) with the average price up to $US2975 ($NZ4070) per tonne. It is the fourth successive rise with previous increases at the fortnightly auction ranging between 6.6 and 12.7 per cent.
However, the price for key whole milk powder, Fonterra’s main product, was down 0.2 per cent to $US2782.
So dairy is up in general, and whole milk powder is holding at current prices.
Not that the Media Party want you to know this. They describe an 0.2% change as
Always with the doom and gloom…
Mind you, it does explain that they get sticky knickers every time Labour and the Greens manage to gain a percent in the polls.
Economic conditions remain stable for a relatively uneventful general election.
– NZN via Yahoo! News