Tuesday, July 6, 2010
Fonterra's Latest Auction
(click on image to enlarge)
As you can see from above all product prices in Fonterra's globalDairy auction fell.
Today, on the CME grade A NFDM lost tow cents to close at $1.21/lb. For comparison, the average Fonterra auction price for SMP was $1.39 per pound.
We continue to be way below world prices. How long ago were we told we need to produce at world prices?