Dairy product prices eke out surprise gain

Tue, 07 Feb 2017

By Margreet Dietz Feb. 8 (BusinessDesk) - Dairy product prices eked out a gain at the Global Dairy Trade auction, bucking expectations for a decline, as both whole and skim milk powder rose. The GDT price index rose 1.3 percent to US$3,537, up from US$3,517 at the previous auction three weeks ago. Some 21,273 tonnes of product was sold, below the 22,030 tonnes at the previous auction. Whole milk powder rose 1 percent to US$3,314 a tonne. “Milk powder prices exceeded market expectations,” AgriHQ dairy analyst Susan Kilsby said in a...

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