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Comments on: Fonterra auction to “blame” for high milk prices? http://www.tvhe.co.nz/2009/09/02/fonterra-auction-to-blame-for-high-milk-prices/ The Visible Hand in Economics Wed, 02 Sep 2009 05:24:22 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Tussock http://www.tvhe.co.nz/2009/09/02/fonterra-auction-to-blame-for-high-milk-prices/#comment-21356 Wed, 02 Sep 2009 05:24:22 +0000 http://www.tvhe.co.nz/?p=4338#comment-21356 Good comment. The Fonterra auction system took brickbats from all over when the WMP price hit bottom, but not a word from the same bods now prices have moved up.

Does anyone have a link to the dairy tonnages in store, in the US and EU? I imagine this is published somewhere on the Net. Apparently these are significant, but far removed from the mountains of past years. Certainly don’t seem to be having much effect on price at present.

Of course the kiwi at 67c+ remains a major worry for Fonterra.

]]> By: Miguel Sanchez http://www.tvhe.co.nz/2009/09/02/fonterra-auction-to-blame-for-high-milk-prices/#comment-21355 Wed, 02 Sep 2009 02:14:38 +0000 http://www.tvhe.co.nz/?p=4338#comment-21355 And a wonderful piece of nonsense it is too. If bidders thought that Fonterra was holding back – and Fonterra is hardly the only place they can buy from – then if they had a brain cell between them they would simply hold off until the next auction, knowing that with each passing month Fonterra would be more desperate to sell.

]]> By: Mark Hubbard http://www.tvhe.co.nz/2009/09/02/fonterra-auction-to-blame-for-high-milk-prices/#comment-21353 Wed, 02 Sep 2009 01:07:19 +0000 http://www.tvhe.co.nz/?p=4338#comment-21353 I agree with this post, and the factors to look at per your other link. Though on the same issue thread on Hickey’s Interest blog someone has placed an interesting post, posing the question of whether or nor the quantity in last nights auction may have been ‘fudged’ 🙂 downward to give a better result.

http://www.interest.co.nz/ratesblog/index.php/2009/09/02/whole-milk-powder-price-jumps-24-in-fonterra-internet-auction/#comment-35106

I just hope the last two auctions are indicative of a longer term uptrend. It’s important Fonterra are able to meet their forecast this year, with the promise of improvement the season after.

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