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Jarden's head of commodities comments on reversal in fortunes with last night's 1.4% increase in the GDT auction mirroring the fall in the first auction of the new calendar year (WMP 5%, SMP 2%, AMF -7.8%, Butter 2.2%, and Cheese 2.8%). Does this lock in Fonterra's $10 milk price? Which is where the futures market is currently sitting.
See omnystudio.com/listener for privacy information.
By NZME5
22 ratings
Jarden's head of commodities comments on reversal in fortunes with last night's 1.4% increase in the GDT auction mirroring the fall in the first auction of the new calendar year (WMP 5%, SMP 2%, AMF -7.8%, Butter 2.2%, and Cheese 2.8%). Does this lock in Fonterra's $10 milk price? Which is where the futures market is currently sitting.
See omnystudio.com/listener for privacy information.

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