Dairy product prices fall for 9th time in last 10 auctions

Tue, 01 Jul 2014

By Margreet Dietz July 2 (BusinessDesk) - Dairy product prices fell to the lowest level since January 2013 in the latest GlobalDairyTrade auction, paced by a drop in butter and anhydrous milk fat. The GDT price index fell 4.9 percent to US$3,595 a tonne, the ninth slide in the last 10 auctions. Some 41,513 tonnes of product was sold, up from 31,984 tonnes two weeks ago. Despite the decline in global dairy product prices this year, New Zealand posted its seventh monthly trade surplus in May, driven by exports of milk powder, butter and...

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