Dairy product prices dip for a third straight auction

Tue, 20 Mar 2018

By Margreet Dietz March 21 (BusinessDesk) - Dairy product prices declined at the Global Dairy Trade auction, while whole milk powder posted an unexpected increase amid data showing challenging weather conditions continue to weigh on production. The GDT price index fell 1.2 percent from the previous auction two weeks ago. The average price was US$3,632 a tonne. Some 18,635 tonnes of product was sold, down from 19,292 tonnes two weeks ago. To be sure, whole milk powder eked out a 0.1 percent increase to US$3,226 a tonne, bucking the tren...

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