Dairy prices rise 2.4 percent , fourth straight gain, in latest GDT auction

Tue, 18 Sep 2012

Sept. 19 (BusinessDesk) - Dairy prices rose in the fourth straight gain on the GlobalDairyTrade platform, with gains for whole and skim milk powder, the largest products by volume sold. The GDT-TWI Price Index rose 2.4 percent compared to the last sale two weeks ago. The average winning price gained to US$3,249 a metric tonne from US$3,174 a tonne at the last auction. Whole milk powder rose 2 percent to US$3,036 a tonne and skim milk powder gained 4.7 percent to US$3,339 a tonne. Global commodity prices has slipped from the six-month high re...

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