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.

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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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