Wednesday, June 2, 2010

Fonterra Auction

Yesterday, Fonterra held another internet auction for whole milk powder, skim milk powder and anhydrous milkfat. There was some small drop in the powders prices but, anhydrous actually increased.

Even though the price of skim milk powder fell, the average price was $1.57 per pound. Compare that with $1.30 per pound on the CME.

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