Dairy product prices climb for second straight auction

Tue, 01 Sep 2015

By Margreet Dietz Sept. 2 (BusinessDesk) - Dairy product prices climbed in the latest GlobalDairyTrade auction, increasing for a second straight auction after nearly six months of declines. The GDT average winning prices increased 10.9 percent to US$2,226, the highest since the July 1 auction, up from US$1,974 at the previous auction two weeks ago. Some 35,865 tonnes of product was sold, down from 36,904 tonnes of product two weeks ago. Butter milk powder rallied 30 percent to US$1,829 a tonne, while whole milk powder gained 12.1 per...

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