Dairy prices rise 0.1 percent in latest GDT auction, halting slide as volumes rise

Tue, 19 Nov 2013

Nov. 20 (BusinessDesk) - Prices of dairy products edged up in the latest GlobalDairyTrade auction, snapping two straight declines, as the volume sold rose to a two-month high. The GDT Price Index, previously known as the GDT-TWI Price Index, rose 0.1 percent compared to the last sale two weeks ago. The average winning price was US$4,805 a tonne compared to US$4,797 a tonne. The average winning price of whole milk powder, the biggest product by volume, was unchanged at US$4,870 a tonne, the lowest since early July, and skim milk powder rose...

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