Dairy product prices fall 1.8 percent in GDT auction, led by whole milk powder, butter

Tue, 05 Nov 2013

Nov. 6 (BusinessDesk) - Prices of dairy products fell in the second straight GlobalDairyTrade auction, led by whole milk powder and butter, though the average winning price is still 42 percent higher than it was a year ago. The GDT Price Index, previously known as the GDT-TWI Price Index, fell 1.8 percent compared to the last sale two weeks ago. The average winning price was US$4,797 a tonne compared to US$4,980 a tonne. The average winning price of whole milk powder, the biggest product by volume, fell 3.7 percent to US$4,891 a tonne, the l...

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