Dairy product prices fall as Fonterra ups whole milk powder supply

Tue, 18 Sep 2018

By Margreet Dietz Sept. 19 (BusinessDesk) - Dairy product prices fell at the Global Dairy Trade auction as whole milk powder continued its slide amid increased supply. The GDT price index fell 1.3 percent from the previous auction two weeks ago. The average price was US$2,934 a tonne, compared with US$2,980 a tonne two weeks ago. Some 39,143 tonnes of product was sold, up from 38,811 tonnes two weeks ago. Whole milk powder declined 1.8 percent to US$2,768 a tonne. Fonterra last week lifted its 12-month whole milk powder offer volume...

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