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WMP prices crash

This article was originally published in Foodnews

FONTERRA said whole milk powder (WMP) prices fell to a five-year low during its internet auction yesterday, as buyers were reluctant to pay premium prices amid weak retail demand. WMP for September delivery fell to US$1 841/tonne, 8% lower from the previous month and 58% lower than a year earlier, according to the co-operative's GlobalDairyTrade website.



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