Article from:
August 4, 2010
THE globalDairy Trade online auction dropped 8.3 per cent overnight.
In a statement on their website, Fonterra reports Anhydrous Milk Fat dropped 7.6 per cent, while Skim Milk Powder dropped 8.6 per cent and Whole Milk Powder dropped 7.7.
Paul Grave, globalDairyTrade Manager, said the market was rebalancing amid increasing supply and an uncertain economic outlook.
The next globalDairyTrade trading event will be held on 7 September 2010.
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