Dairy product prices drop as supply concern eases

Tue, 17 Mar 2015

By Margreet Dietz March 18 (BusinessDesk) - Dairy product prices dropped in the latest GlobalDairyTrade auction amid expectations that the supply of milk powder will not be as constrained as previously thought. The GDT average winning price dropped 8.8 percent to US$3,136, from US$3,374 at the previous auction two weeks ago. Some 20,258 tonnes of product was sold, down from 22,957 tonnes two weeks ago. The AgriHQ Seasonal Farmgate Milk Price for the 2014-15 season dropped by 16 cents per kilogram milksolids to $4.60/kgMS following the...

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