NZD traders - Fonterra raises 12-month auction offer volume by 3,000 ton
Bloomberg with the headline on Fonterra's announcement to boost volume offered at auction
Fonterra statement on NZX Futures website
- 12-month volume increased by 3,000 tons
This follows big reductions late last year as drought impacted NZ production. Fonterra had increased offers in February.
If the volume increase does not olower dairy prices too much should be a positive for the sector in NZ industry.