Fonterra auction price up

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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4 Responses to Fonterra auction price up

  1. […] 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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  2. Adolf Fiinkensein says:

    This is the sort of genuine good news we really do need. Well spotted.

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  3. Pique Oil says:

    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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  4. Tired Farmer says:

    Good to see the auction price inprove, but—-will that stop the shareholders calling for a special Board meeting?.

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