Dairy product prices fall for first time in 10 GDT auctions, dropping 7.3 percent

Wed, 01 May 2013

May 2 (BusinessDesk) – Prices of dairy products fell for the first time in 10 GlobalDairyTrade auctions, led by the whole and skim milk powder as the volume on offer gained for a second session from a two-year low. The GDT-TWI Price Index fell 7.3 percent compared to the last sale two weeks ago, the first decline this year. The average winning price fell to US$4,597 a tonne from US$4,968 a tonne in the previous sale, which was the highest on record on the GDT platform that began in July 2008. Whole milk powder, the biggest product by volume,...

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