Dairy prices rise 2.4 percent in latest GDT auction as volumes stabilise

Tue, 01 Oct 2013

Oct. 2 (BusinessDesk) - Prices of dairy products rose in the latest GlobalDairyTrade auction, paced by whole and skim milk powder, the biggest products by volume, while overall volumes stabilised. The GDT Price Index, previously known as the GDT-TWI Price Index, rose 2.4 percent compared to the last sale two weeks ago. The average winning price was US$4,980 a tonne compared to US$4,880 a tonne. The average winning price of whole milk powder rose 2.3 percent to US$5,183096 a tonne and skim milk powder gained 3.9 percent to US$4,491 a tonne. T...

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