Fonterra's chief operating officer Farm Source, Miles Hurrell spoke to The Country's Jamie Mackay about another steady-as-she-goes GDT auction result and the effect the wet spring is having on early season milk volumes.
Dairy product prices edged higher at the Global Dairy Trade auction, rising for the second time in six auctions, as gains in milk fats offset a decline in milk powders.
The GDT price index rose 0.3 per cent from the previous auction three weeks ago to US$3,323. Some 33,501 tonnes of product was sold, up from 32,260 tonnes at the previous auction.
Whole milk powder declined 1.6 per cent to US$3,100 a tonne.
Listen to the full interview in the Soundcloud embed below:
