Dairy product prices advance less than expected

Tue, 19 Feb 2019

By Margreet Dietz Feb. 20 (BusinessDesk) - Dairy product prices moved higher at the Global Dairy Trade auction, rising for the sixth straight time, though gains were less than expected. The GDT price index rose 0.9 percent from the previous auction two weeks ago. The average price was US$3,271 a tonne, compared with US$3,265 a tonne two weeks ago. Some 25,324 tonnes of product was sold, up from 23,326 tonnes two weeks ago. “Overall, while the direction of change was in line with the NZX Dairy Derivatives market expectations leading int...

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