Fonterra Using Every Drop of Milk

Posted by Brian Gould Wed, 02 Sep 2009 14:15:00 GMT

Fonterra Cooperative Group Ltd., the world’s largest dairy exporter, is using “every available drop” of milk to meet orders as a recovery in demand lifted prices to a one-year high. Whole milk powder prices jumped 25 percent to $2,872 a metric ton, the highest since September last year, at Fonterra’s monthly auction. Resurgent demand, reduced production in the U.S. and “tight” supplies in Australia and New Zealand all contributed to the bigger-thanexpected jump in prices, the Auckland-based company said. For more detail click here.