Dairy product prices climb amid solid appetite for whole milk powder

Tue, 15 Jan 2019

By Margreet Dietz Jan. 16 (BusinessDesk) - Dairy product prices gained at the Global Dairy Trade auction, as stronger demand pushed prices higher for the fourth straight auction. The GDT price index rose 4.2 percent from the previous auction two weeks ago. The average price was US$3,057 a tonne, compared with US$2,986 a tonne two weeks ago. Some 27,909 tonnes of product was sold, down from 28,651 tonnes two weeks ago. Whole milk powder advanced 3 percent to US$2,777 a tonne. “Overall, the results were in line with the NZX Dairy Deri...

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