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Fonterra WPC a ‘non-issue’

Fonterra WPC a ‘non-issue’
The Fonterra whey protein concentrate (WPC) issue over the weekend appears to be a non-issue, both domestically and globally. Yesterday’s GlobalDairyTrade (GDT) was somewhat bearish, according to Chris Hildebrand, risk management consultant at INTL FCStone. He said that “signals that the downside is the path of least resistance for the short term."
“The average winning price on GDT yesterday was up slightly from the July 16 average, but the GDT price index fell 2.4%. Prices gained for rennet casein and butter milk powder, but fell for other products,” according to Hildebrand.
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