Fonterra’s Chief Operating Officer reviews last night’s 1.5% lift in the GDT auction, a steady performance and largely in line with expectations. The welcomed improvements in SMP and WMP may have been expected an auction or two earlier, but better late than never. WMP 2.2%, SMP 3%, AMF 1.1%, Butter -2.6%, BMP 9% and Cheese -3.6%.
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