Dairy product prices fall 0.8 percent in first GDT auction of 2014, led by skim milk powder

Tue, 07 Jan 2014

Jan. 8 (BusinessDesk) - Dairy product prices fell in the first GlobalDairyTrade auction for 2014, led by skim milk powder while rennet casein made a new record high. The GDT Price Index dropped 0.8 percent compared to the last sale two weeks ago. The average winning price was US$4,943 a tonne, still an elevated level, from US$4,990 a tonne. Skim milk powder fell 3.4 percent to US$4,688 a tonne and whole milk powder, the biggest product by volume, fell 0.6 percent to US$4,934 a tonne The average winning price of rennet casein, a functional i...

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