Small price rise in final GDT auction of year

The trade weighted index increased 1.1% in Fonterra’s final GobalDairyTrade auction of the year.

GDT Trade Weighted Index Changes

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%.

 

2 Responses to Small price rise in final GDT auction of year

  1. Neil says:

    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

    Like

  2. homepaddock says:

    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.

    Like

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