Milk powder prices climb to two-month high in Fonterra auction
date:Jan 18, 2013
ket, they are 28 percent higher than in mid-July after the worst U.S. drought in 56 years curbed supply.

The Auckland-based company, which accounts for about 40 percent of the global trade in dairy products, sells whole, skim and butter-milk powder, dried-milk fat, lactose, cheese and casein at its GlobalDairyTrade auctions. It offers monthly contracts with delivery starting from two months after the sale. Casein is a protein found in milk.

Whole-milk powder for April delivery rose 3.3% while
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