Dairy product prices drop to lowest since August 2009

Wed, 01 Oct 2014

By Margreet Dietz Oct. 2 (BusinessDesk) - Dairy product prices fell to the lowest level in more than five years in the latest GlobalDairyTrade auction, led by declines in butter milk powder and whole milk powder. ”Stocks of dairy commodities are building across the globe due to Russia’s current ban on importing dairy products from many Western nations, and a lack of urgency from Chinese buyers, while at the same time global milk supplies are expanding,” AgriHQ dairy analyst Susan Kilsby said in a note. The GDT average winning price fel...

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