Dairy product prices fall 2.4 percent in GDT auction; little sign of taint disruption

Tue, 06 Aug 2013

Aug. 7 (BusinessDesk) - Prices of dairy products fell in the latest GlobalDairyTrade auction, while the volume sold jumped to a record, suggesting little if any reaction to Fonterra Cooperative Group’s whey protein contamination scare. The GDT Price Index, previously known as the GDT-TWI Price Index, fell 2.4 percent compared to the last sale two weeks ago. The average winning price was US$4,847 a tonne, compared to US$4,828 a tonne in the previous sale, when prices had the biggest increase in four months. The total volume of dairy products...

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