Fonterra finds more milk powder for GDT buyers
On Friday Fonterra advised that the volume of whole milk powder (WMP), butter milk powder (BMP) and skim milk powder (SMP) that they will offer on the GlobalDairyTrade (GDT) auction over the next 3 events will increase. The total amount of the increase is 3,050 MT which will bring their milk powder offering to 48,085 MT spread across the coming 3 auctions. WMP will again be offered in Contract Period One from 4t h June ie from Trading Event 93. Fonterra advised that “recent climatic conditions in New Zealand have improved the volume outlook for May, June and July for some products sold on GDT.” These volumes changes reflect Fonterra’s current views, reviewed before each event, on the demand and supply position for products manufactured from this season’s milk says Fonterra.