The trade weighted index increased 1.1% in Fonterra’s final GobalDairyTrade auction of the year.
The price of anhydrous milk fat was down .1%; butter milk powder was down .4%; cheddar was up 4.9%; milk protein concentrate increased by 1%; rennet casein was up 6.9%; skim milk powder rose 1.1 and whole milk powder dropped .6%.
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HP does that mean that us second class holders of Fonterra non-voting shares should be pleased ?
I just hope that the major directors of Fonterra look well beyond the farm gate
Everyone should be pleased we’re earning more export income, Neil.
The price of whole milk is the most important factor in the farm gate price. I think the value added component is more important for the dividend on shares.