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ASB BUYS NOTES  |
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| (Updated 23/05/13 21:43) | ||
| GLOBAL DAIRY TRADE | |
| Change in GDT-TWI index -2.1% | Average Winning Price (USD/MT, FAS) 4,549 |
| From Trading Event 92 held 15/5 | |
By: Farming Show Staff | Rural News |
Fonterra’s new milk processing plant near Darfield has opened, producing 40 tonnes of milk powder on its first day.
The $500 million plant will process 2.2 million litres of milk a day into whole milk powder bound for South East Asia, China, and the Middle East.
The plant’s capacity will triple once a second milk drier used to produce milk powder is opened.
Fonterra’s milk products director Brent Taylor says the plant opened without a hitch after nearly two years of construction.
It’s Fonterra’s first new processing plant in 14 years.
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