#TGD: Milk Powder Prices Increase to Six Week High

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Dairy prices started 2013 on a firm note at GlobalDairyTrade auction, rising to their highest in nearly a year, amid doubts over prospects for milk output in New Zealand, the top exporting country.
Prices at the January 2nd auction rose 2.0% from the last event, two weeks ago, to their strongest since mid-January last year, according to an auction index.
The increase was led by skim milk powder, prices of which soared 4.7% to a 19 month top of $3,572 a ton, as an average of the contracts on offer. Whole milk powder, which makes up the vast majority of volumes on offer at GlobalDairyTrade, had prices rise 1.9%  to $3,183 a metric ton, the highest price since November 20, 2012.
The price rises tally with a drop in overall volumes on offer by Fonterra, which runs the auction and provides the majority of product sold through it.
Fonterra reduced by 11% the volume of its own anhydrous milk fat on offer, and by one-third the quantity of its skim milk powder for sale, cutbacks reflecting availability at the time contracts on offer at GlobalDairyTrade come up for physical delivery.The volume of whole milk powder was nudged 3.3% higher to 31,000 tons.
At the January 2nd auction, three of the eight products categories showed price declines, one was not traded, and four rose. The auction saw 164 participants out of 743 qualified bidders take part, with 122 winning bids.
 
Source: ADPI

Mirá También

Así lo expresó Domingo Possetto, secretario de la seccional Rafaela, quien además, afirmó que a los productores «habitualmente los ignoran los gobiernos». Además, reconoció la labor de los empresarios de las firmas locales y aseguró que están «esperanzados» con la negociación entre SanCor y Adecoagro.

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