Dairy product prices decline for second straight auction

Tue, 03 Jan 2017

By Margreet Dietz Jan. 4 (BusinessDesk) - Dairy product prices fell at the Global Dairy Trade auction, sliding for a second consecutive auction, as whole milk powder prices unexpectedly sank amid increased volume on offer. The GDT price index fell 3.9 percent to US$,3463, down from US$3,656 at the previous auction two weeks ago. Some 22,396 tonnes of product was sold, edging up from 22,321 tonnes at the previous auction. Whole milk powder dropped 7.7 percent to US$3,294 a tonne. Fonterra increased its offer volumes of whole milk po...

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