Dairy product prices edge up for second straight auction

Tue, 15 Dec 2015

By Margreet Dietz Dec. 16 (BusinessDesk) - Dairy product prices increased in the latest GlobalDairyTrade auction, moving higher for a second straight auction, though the gains were less than expected amid concern about worldwide excess supply. The GDT average winning prices added 1.9 percent to US$2,458, up from US$2,419 at the previous auction two weeks ago. Some 24,888 tonnes of product was sold, down from 28,158 tonnes two weeks ago. “It was disappointing that the GDT prices didn’t move up by as much as the market anticipated,” Agr...

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