Dairy product prices fall 1.1 percent in latest GDT auction, volumes hold up after record August

Tue, 03 Sep 2013

Sept. 4 (BusinessDesk) - Prices of dairy products fell in the latest GlobalDairyTrade auction though volumes held up, extending the elevated levels that saw Fonterra Cooperative Group report record sales last month. The GDT Price Index, previously known as the GDT-TWI Price Index, fell 1.1 percent compared to the last sale two weeks ago. The average winning price was US$4,891 a tonne compared to US$4,941 a tonne. The total volume of dairy products sold at the latest auction fell to 53,479 tonnes from 56,173 tonnes two weeks ago, although it...

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