Dairy product prices dip for first time in five auctions

Tue, 20 Oct 2015

By Margreet Dietz Oct. 21 (BusinessDesk) - Dairy product prices slipped in the latest GlobalDairyTrade auction, declining for the first time in five auctions, tempering expectations about the outlook. The GDT average winning prices fell 3.1 percent to US$2,735, down from US$2,834, which marked the highest level since March, at the previous auction two weeks ago. Some 34,519 tonnes of product was sold, down from 35,243 tonnes of product two weeks ago. The AgriHQ 2015-16 Farmgate Milk Price decreased 13 cents to $5.26 per kilogram milkso...

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