Dairy prices extend decline led by milk powders

By Margreet Dietz | Wed, 18 Mar 2020


Prices dropped for the fourth straight time at the Global Dairy Trade auction amid concern the ever-spreading covid-19 virus will cut global demand.Even so, the decline was not as much as some had expected. The GDT price index fell 3.9 percent from the previous auction two weeks ago. The average price was US$2,980 a tonne, compared with US$3,112 a tonne two weeks ago. Some 24,209 tonnes of product was sold, down from 25,576 tonnes two weeks ago.Whole milk powder retreated 4.2 percent to US$2,797 a tonne. Regular whole milk powder to s...