Dairy product prices advance for third straight auction

Tue, 15 Sep 2015

By Margreet Dietz Sept. 16 (BusinessDesk) - Dairy product prices rose in the latest GlobalDairyTrade auction, climbing for a third straight auction after nearly six months of declines. The GDT average winning prices jumped 16.5 percent to US$2,568, up from US$2,226 at the previous auction two weeks ago. It was the largest price increase in five years, according to AgriHQ dairy analyst Susan Kilsby. Some 36,050 tonnes of product was sold, up from 35,865 tonnes of product two weeks ago. The increase was larger than expected. The volume...

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