Fonterra foresees stable milk prices ahead

AFTER a bout of volatility in the global dairy trade, which saw whole milk powder (WMP) prices slump to US$1,590 per tonne in August 2015, global dairy nutrition company Fonterra Co-operative Group Ltd — the world’s largest dairy exporter — foresees relatively stable milk prices for at least the next three years. By: Supriya Surendran

LOL Joins GlobalDairy

Land O’Lakes Inc will become the second U.S. firm to join the world’s dairy trading platform, adding a potentially big exporter of skim milk powder to the internationally traded dairy market.