The milk processing development by Fonterra and A-Ware at their site in Heerenveen in North Holland.
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There were 166 participating bidders in the auction, with 25,671t of quantity sold. The average price for product was $2,458/t. The previous GDT index on 15 December 2015 had lifted by 1.9% but it had the same average product price of $2,458/t.
The biggest drop in prices for individual products in Tuesday's auction was for New Zealand's trademark product, whole milk powder (WMP), which dropped by 4.4% to $2,210/t. This was followed by anhydrous milk fat, which dropped by 2.7% to $3,644/t. At the last auction, the average price of WMP increased by almost 2% to just over $2,300/t.
In terms of increases at today's auction, lactose increased the most by 11.4%, followed by butter which rose by 6.7%. Rennet casein rose by 3.9%.
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At the last auction, butter led the individual product gains, with the average price increasing by 9% to more than $3,130/t. This was followed by strong gains in the average price of lactose (+6.8%) and anhydrous milk fat (+6.1%).
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There were 166 participating bidders in the auction, with 25,671t of quantity sold. The average price for product was $2,458/t. The previous GDT index on 15 December 2015 had lifted by 1.9% but it had the same average product price of $2,458/t.
The biggest drop in prices for individual products in Tuesday's auction was for New Zealand's trademark product, whole milk powder (WMP), which dropped by 4.4% to $2,210/t. This was followed by anhydrous milk fat, which dropped by 2.7% to $3,644/t. At the last auction, the average price of WMP increased by almost 2% to just over $2,300/t.
In terms of increases at today's auction, lactose increased the most by 11.4%, followed by butter which rose by 6.7%. Rennet casein rose by 3.9%.
At the last auction, butter led the individual product gains, with the average price increasing by 9% to more than $3,130/t. This was followed by strong gains in the average price of lactose (+6.8%) and anhydrous milk fat (+6.1%).
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