Dairy product prices advance for third straight auction

Wed, 02 Jan 2019

By Margreet Dietz Jan. 3 (BusinessDesk) - Dairy product prices rose at the Global Dairy Trade auction, climbing for the third consecutive time amid a drop in supply. The GDT price index gained 2.8 percent from the previous auction two weeks ago. The average price was US$2,986 a tonne, compared with US$2,844 a tonne two weeks ago. Some 28,651 tonnes of product was sold, down from 36,181 tonnes two weeks ago. Whole milk powder rose 1.2 percent to US$2,705 a tonne. “Prices increased across the board, which was partially due to a decli...

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