Dairy product prices fall as whole milk powder unexpectedly slips

Tue, 15 Aug 2017

By Margreet Dietz Aug. 16 (BusinessDesk) - Dairy product prices declined at the Global Dairy Trade auction, easing for the fourth time in five auctions. The GDT price index fell 0.4 percent from the previous auction two weeks ago to US$3,339. Some 32,260 tonnes of product was sold, down from 32,768 tonnes at the previous auction. Whole milk powder slid 0.6 percent to US$3,143 a tonne. Lactose dropped 4.9 percent to US$747 a tonne, while butter fell 1.3 percent to US$5,735 a tonne, and anhydrous milk fat slipped 1.2 percent to US$6,1...

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