Dairy product prices decline, led by whole milk powder and butter

Tue, 04 Sep 2018

By Margreet Dietz Sept. 5 (BusinessDesk) - Dairy product prices fell at the Global Dairy Trade auction, led by unexpected slides in whole milk powder and butter. The GDT price index slipped 0.7 percent from the previous auction two weeks ago. The average price was US$2,980 a tonne, compared with US$3,044 a tonne two weeks ago. Some 38,811 tonnes of product was sold, up from 32,041 tonnes two weeks ago. Whole milk powder fell 2.2 percent to US$2,821 a tonne. “There was a greater volume of whole mik powder sold at this event,” AgriHQ...

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