Dairy product prices climb amid concern about a drop in supply

Tue, 16 Jan 2018

By Margreet Dietz Jan. 17 (BusinessDesk) - Dairy product prices rose at the Global Dairy Trade auction amid concern about a decline in New Zealand’s supply following dry weather conditions. The GDT price index rose 4.9 percent from the previous auction two weeks ago. The average price was US$3,310 a tonne. Some 23,319 tonnes of product was sold, down from 25,400 tonnes two weeks ago. Whole milk powder climbed 5.1 percent to US$3,010 a tonne. “This result follows Fonterra’s release [on Tuesday] that its December milk collections were...

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