Open Country opens butter plant
When American retail giant Cosco came to audit Open Country Dairy’s new butter plant at the Waharoa site and give the green light to supply their American stores, they allowed themselves a week for the exercise.
While milk powder (WMP) price index dropped 2.1% to $US$2883/MT.
Westpac’s IQ financial briefing notes that since April, WMP prices have fallen 13%.
The GDT Price Index was down 3.6% compared to the last auction.
Key results
AMF index down 6.9%, average price US$5,321/MT
Butter index down 8.5%, average price US$4,392/MT
BMP not offered
Ched index down 4.7%, average price US$3,484/MT
LAC index not available, average price US$914/MT
RenCas index up 2.8%, average price US$5,138/MT
SMP index down 1.3%, average price US$1,951/MT
SWP index not available, average price not available
WMP index down 2.1%, average price US$2,883/MT
