The chief executive of Fonterra reviews a very good GDT auction (up 0.5%, WMP + 2.4%) when the commentary was suggesting the step ups in August volumes, especially WMP (+~60%) were always going to be a tough ask, all the more so considering what happened in the July increases. However, the extra product was seemingly consumed with ease. And are we "sleepwalking" into an energy crisis? 

 

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