FSF Fonterra Shareholders Fund

Whole milk powder prices fell 1.6% in the GlobalDairyTrade Internet-based auction for Aug. 6, an international trading platform established by New Zealand's Fonterra Co-Operative Group Ltd.

The average selling price for whole-milk powder was US$5,021 a metric ton. The GDT Price Index, which covers a variety of products and contract periods and is based on the weighting of globally traded dairy as opposed to product traded on the platform alone, fell 2.4% compared with the prior auction.

Participants in the auction include Fonterra, which produces about a third of the world's traded dairy products, Europe-based Arla Foods and Murray Goulburn Co-Operative of Australia and U.S.-based DairyAmerica Inc.

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