Business Breakdown: Dairy in the doldrums as prices extend slide to six-year low

Wed, 01 Jul 2015

July 2 (BusinessDesk) - Dairy product prices continued their slide, paced by whole milk power, in the latest GlobalDairyTrade auction overnight, weakening to the lowest level in six years. The GDT average winning prices dropped 5.9 percent to US$2,276 from US$2,409 at the previous auction two weeks ago. It was the lowest level since July 2009. Some 33,200 tonnes of product was sold, the highest volume since the January 6 auction and up from 24,047 tonnes of product two weeks ago. The drop in the country's biggest export commodity weighed...

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