Dairy prices fall 0.9 percent , snapping four straight gains, in GDT auction

Tue, 02 Oct 2012

Oct. 3 (BusinessDesk) - Dairy prices fell 0.9 percent, snapping a run of four gains, in the latest GlobalDairyTrade auction, led by declines in high-value rennet casein, cheddar and anhydrous milk fat. The GDT-TWI Price Index fell to an average winning price of US$3,285 per metric tonne. The price for whole milk powder, which accounts for about half of all products sold, rose 2.8 percent to US$3,167 a tonne across all contracts, the highest level since April 3. The price for rennet casein was the biggest decliner, falling 9.5 percent to US...

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