It’s not enough to get out the champagne but it could justify a celebratory milkshake – the front end contract price in Fonterra’s latest milk auction rose 14.7% in US dollars.
Take the exchange rate into account and that’s an 18.5% increase in New Zealand dollars.
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[…] morning blog browse took him to Homepaddock where he learned: It’s not enough to get out the champagne but it could justify a celebratory […]
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This is the sort of genuine good news we really do need. Well spotted.
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That is one heck of a bubble in the price over the last couple of years. Remove the bubble and the powder price looks as though it is back on the long term average.
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Good to see the auction price inprove, but—-will that stop the shareholders calling for a special Board meeting?.
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