date:Aug 19, 2015
t liking the near-term pricing, said Steel. If you believe the market is going to improve, and thats their view, then you remove a bit of volume.
Fonterra forecast it will offer 18,000 metric tons of whole milk powder today after indicating late July it would put through 23,050 tons. In four auctions to Oct. 6, it expects to offer 72,000 tons, down from 108,700 forecast previously.
The GDT auction is conducted tonight New Zealand time, during the European day.