Fonterra cements position as the big cheese!
Fonterra has cemented its position as the country’s number one cheesemaker by picking up nine NZ Champion of Cheese trophies this year.
The GDT price index rose 10.9% at last night’s auction, to US$2,226/MT.
The biggest gains were seen for Butter Milk Powder, which rose a massive 30% to an average price of US$1,829/MT.
Whole Milk Powder also gained ground, climbing 12.1% to US$2,078/MT.
Anhydrous Milk Fat and Skim Milk Powder were both up 11.7%, with average prices of US$3,029/MT and US$1,698/MT respectively.
Most other products also saw an increase, with Butter rising 8.1% to US$2,746/MT, followed by Rennet Casein up 6.3% with an average price of US$5,779/MT and Cheddar was up 4.7% to US$2,913/MT.
Lactose was the only product to lose ground, falling 4.0%, to an average price of US$483/MT.
The auction saw a total of 35,865 MT sold.
