Dairy product prices drop as butter and anhydrous milk fat slump

Tue, 20 Nov 2018

By Margreet Dietz Nov. 21 (BusinessDesk) - Dairy product prices fell at the Global Dairy Trade auction, spurred by slides in butter and anhydrous milk fat that were the biggest in about two years. The GDT price index dropped 3.5 percent from the previous auction two weeks ago. The average price was US$2,727 a tonne, compared with US$2,851 a tonne two weeks ago. Some 42,966 tonnes of product was sold, up from 42,412 tonnes two weeks ago. Whole milk powder declined 1.8 percent to US$2,599 a tonne which, NZX dairy analyst Amy Castleton s...

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