Dairy product prices decline for fifth time in six auctions

Tue, 01 May 2018

By Margreet Dietz May 2 (BusinessDesk) - Dairy product prices fell at the Global Dairy Trade auction, led by declines in rennet casein and whole milk powder. The GDT price index slid 1.1 percent from the previous auction two weeks ago. The average price was US$3,465 a tonne. Some 19,508 tonnes of product was sold, up from 19,262 tonnes two weeks ago. Whole milk powder fell 1.5 percent to US$3,231 a tonne. The decline followed Fonterra’s revision of its full season milk production forecast on Tuesday. “An indication of a little...

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