Dairy product prices climb, bolstered by butter

Tue, 06 Jan 2015

By Margreet Dietz Jan. 7 (BusinessDesk) - Dairy product prices increased in the latest GlobalDairyTrade auction, led by gains in butter and butter milk powder. The GDT average winning price rose 3.6 percent to US$2,709, up from US$2,609 two weeks ago. Some 33,669 tonnes of product was sold, down from 35,390 tonnes of product two weeks ago. Dairy products were among a number of commodities that came under pressure in 2014, including iron ore and oil, with prices almost halving in the calendar year as an oversupply in China and increase...

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