Winston Peters calls Fonterra vote result 'utter madness'
New Zealand First leader and Foreign Affairs Minister Winston Peters has blasted Fonterra farmers shareholders for approving the sale of iconic brands to a French company.
Whole milk powder was down 8.4% to US$4022 per metric tonne, its lowest level in more than a year.
Skim milk powder was down 9.6% with an average price of US$4126 per metric tonne.
Butter was down 11% to an average price of US$4040/MT.
Other results were: anhydrous milk protein, down 11.3%, average price US$4,062/MT;
butter milk powder down 15%, average price US$4,211/MT; cheddar down 3.5%, average price US$4,438/MT; MPC70 down 4.3%, average price US$8,436/MT; rennet casein index up 5.5%, average price US$11,105.
There were 201 bidders with 167 winners in 11 rounds and 39,653 tonnes of product sold.
