Dairy product prices decline to lowest since July 2012

Tue, 02 Sep 2014

By Margreet Dietz Sep. 3 (BusinessDesk) - Dairy product prices dropped to the lowest level since July 2012 in the latest GlobalDairyTrade auction, led by a slump in rennet casein and butter milk powder. The auction results come after New Zealand commodity prices fell to a 17-month low in August, based on the ANZ Commodity Price Index, with whole milk powder down 15 percent. Yet Fonterra last week announced plans to ramp up milk powder production in New Zealand, while licensing its Anmum brand of infant formula to a Chinese partner, a s...

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