6 May 2009

May internet auction delayed

12:36 pm on 6 May 2009

Fonterra has delayed its May round of internet auction bidding after a technical glitch.

The company says software problems occurred during the scheduled global auction, and the monthly session will now be held next week.

GlobalTrade managing director Kelvin Wickham says the delay is not expected to have any impact on pricing.

Prices for milk powder sold on on-line have increased during the past two months.