Thursday, February 4, 2010

Fonterra SMP Auction

In March, 7,500 tons of skim milk powder(SMP) will be offered for the first time on Fonterra's internet auction. The SMP volume is set to increase to 15,000 tons by July 2010.

As opposed to the CME,Fonterra will actually be trading product. We will have to see.

1 comment:

  1. actually trading product,...hmmm now there's an interesting concept