Dairy product prices descend, led by whole milk powder

Tue, 16 Oct 2018

By Margreet Dietz Oct. 17 (BusinessDesk) - Dairy product prices fell at the Global Dairy Trade auction as whole milk powder slid amid the prospect of increased supply. The GDT price index slipped 0.3 percent from the previous auction two weeks ago. The average price was US$2,885 a tonne, compared with US$2,901 a tonne two weeks ago. Some 41,945 tonnes of product was sold, easing from 41,981 tonnes two weeks ago. Whole milk powder fell 0.9 percent to US$2,729 a tonne. "Whole milk powder prices had been expected to fall, as last week...

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