NZD traders - Fonterra raises 12-month auction offer volume by 3,000 ton

Author: Eamonn Sheridan | Category: News

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. 
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If the volume increase does not olower dairy prices too much should be a positive for the sector in NZ industry.  
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