date:Jan 18, 2013
Powder for March delivery rose 2.4 percent, according to a trade-weighted index on the companys GlobalDairyTrade website. The near-term contract for New Zealand product rose to $3,261 a metric ton, the highest price since Nov. 20.
Fonterra in December raised its forecast payment to farmers, saying it expects higher global dairy prices in the first half of 2013. While milk prices fell toward year-end as new season output from New Zealand and other southern hemisphere producers entered the mar