Fonterra’s media release describes the price of milk as stable after last night’s globalDairyTrade auction.
| Average price | US $ per tonne FAS | % change |
| Anhydrous Milk Fat | 5324 | 5.9% |
| Skim Milk Powder | 3462 | -6.2% |
| Whole Milk Powder | 3790 | -3.4% |
Paul Grave, globalDairyTrade Manager, said the market continued to be relatively stable with supply factors the primary driver of market sentiment.
I presume those supply factors include northern hemisphere milk coming on stream and the release on to the market of some of the milk powder which was stock piled whent he price was low.
Homepaddock 