Amul, the newest seller on the GlobalDairyTrade platform, has released details about the product it intends to offer for sale. Amul will be offering both Medium Heat and High Heat skim milk powder (SMP), along with Regular grade whole milk powder (WMP).
Amul is the first seller to offer competition to Fonterra for WMP supply. The Amul product is expected to trade at a discount to Fonterra product but exactly what the price differential will be is yet to be proven.
During the first two months of 2013 the small quantity of WMP exported from India achieved an average price of US$2440/ton, 38% less than WMP exported out of New Zealand during the same time period.
Source: NZX Futures