Dairy product prices extend rebound on upbeat outlook

Tue, 06 Sep 2016

By Margreet Dietz Sept. 7 (BusinessDesk) - Dairy product prices climbed at the Global Dairy Trade auction, adding to fresh signs of expectations that the worldwide glut is easing. The GDT price index rose 7.7 percent to US$2,920, up from US$2,731 at the previous auction three weeks ago. Some 36,748 tonnes of product was sold, down from 37,766 tonnes at the previous auction. “This was a smaller overall lift than we saw at the last event, but is still an excellent result,” AgriHQ dairy analyst Amy Van Ossenbruggen said in a note. “While...

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