Fonterra is expanding globalDairyTrade, the online dairy products trading platform, to include products from other companies.
At this point the rules governing trading are still being finalized. Arla Foods and FrieslandCampina from Europe; California Dairies and DairyAmerica from the West Coast of the USA; and Murray Goulburn from Australia have all had input to the rulemaking and will likely participate when the expanded auction commences.
World prices have tracked higher than U.S. powder prices. The real question is what will this do to the calculation of U.S. dairy farm price? For sure NASS will not survey the internet auction held by Fonterra.