Dairy product prices fall for fourth straight auction

Tue, 03 Apr 2018

By Margreet Dietz April 4 (BusinessDesk) - Dairy product prices fell at the Global Dairy Trade auction, dragged lower by an unexpected plunge in anhydrous milk fat. The GDT price index slipped 0.6 percent from the previous auction two weeks ago. The average price was US$3,477 a tonne. Some 17,222 tonnes of product was sold, down from 18,635 tonnes two weeks ago. Whole milk powder rose 1.6 percent to US$3,278 a tonne. “Fonterra did release its February milk production data yesterday, which showed its collections were down 4 percent...

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