Dairy product prices decline for sixth time in eight auctions

Tue, 05 Jun 2018

By Margreet Dietz June 6 (BusinessDesk) - Dairy product prices fell at the Global Dairy Trade auction, as whole milk powder slid amid higher-than-anticipated supply. The GDT price index fell 1.3 percent from the previous auction three weeks ago. The average price was US$3,487 a tonne. Some 21,580 tonnes of product was sold, up from 18,161 tonnes three weeks ago. Whole milk powder retreated 1.1 percent to US$3,205 a tonne. “There was a greater volume of whole milk powder on offer than had been forecast,” Amy Castleton, AgriHQ dairy...

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