Dairy product prices decline for second auction in 2016

Tue, 19 Jan 2016

By Margreet Dietz Jan. 20 (BusinessDesk) - Dairy product prices fell in the latest GlobalDairyTrade auction, declining for the second time this year, amid expectations that worldwide supply will outstrip demand. The GDT average winning price fell 1.4 percent to US$2,405, down from US$2,458 at the previous auction two weeks ago. Some 21,930 tonnes of product was sold, down from 25,671 tonnes at the previous auction two weeks ago. The AgriHQ 2015-16 Farmgate Milk Price fell 17 cents to $4.43 per kilogram milksolids after the GDT auction...

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