Fonterra investing $70m in new electrode boilers
While opening the first electrode boiler at its Edendale site, Fonterra has announced a $70 million investment in two further new electrode boilers.
Speaking at the Northern Dairy Development Trust Conference in Whangarei today, Steel said things were looking much better now than in December.
Global Dairy Trade auction prices have risen three times this year.
Steel told about 120 farmers at the conference that whole milk powder prices were up 13% in the three auctions this year.
“It’s pretty much a recognition that NZ weather has been awful; clearly the markets recognised that weather had been dry from November to December,” Steel says.
