Dairy product prices fall 1.2 percent in GDT auction, biggest decline in three months

Tue, 18 Feb 2014

Feb. 19 (BusinessDesk) - Dairy product prices recorded their biggest drop since early November in the latest GlobalDairyTrade auction, with the volume sold falling to an eight-month low. Milk protein concentrate and butter led the decline. The GDT Price Index fell 1.2 percent from the last sale two weeks ago. The average winning price was US$5,016 a tonne from US$5,042 a tonne at the last auction. Some 34,568 tonnes of product was sold, the lowest since June last year and down from 35,399 tonnes of product in the previous sale. Milk protein...

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