Welll I was right volatility has continued in the world. I am a little busy today so just the numbers maybe this evening I will be able to post some comments about the importance of yesterdays Fonterra auction. The first one of the year. The drought mnust be for real out there to have pushed the prices up this far. BE safe JR.
| Changes in price indices | Contract 1
(Mar11) | Contract 2
(Apr11-Jun11) | Contract 3
(Jul11-Sep11) | All Contracts
|
| Anhydrous Milk Fat (AMF) | 11.6% | 10.4% | 8.2% | 10.6% |
| Butter Milk Powder (BMP) | 20.6% | n.a. | n.a. | 20.6% |
| Skim Milk Powder (SMP) | 13.6% | 10.7% | 3.9% | 10.9% |
| Whole Milk Powder (WMP) | 1.1% | 5.6% | 10.3% | 3.8% |
| All products (trade-weighted) | 6.8% | 8.0% | 7.5% | 7.1% |
