Dairy product prices advance on whole milk powder, outlook

Tue, 19 Apr 2016

By Margreet Dietz April 20 (BusinessDesk) - Dairy product prices increased for a second straight auction, posting the third gain in the eight Global Dairy Trade auctions held so far in 2016, as the outlook improves. The GDT price index rose 3.8 percent to US$2,263, up from US$2,188 at the previous auction two weeks ago. Some 21,206 tonnes of product was sold, down from 22,682 tonnes at the previous auction two weeks ago. Whole milk powder climbed 7.5 percent to US$2,156 a tonne. “The lift in whole milk powder prices on GDT was cons...

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