Dairy product prices fall for third straight GDT auction to 7-month low

Tue, 07 Nov 2017

By Jonathan Underhill Nov. 8 (BusinessDesk) - Dairy product prices fell for the third straight time at the latest Global Dairy Trade auction as whole milk powder extended its decline and skim milk powder recovered. The GDT price index fell 3.5 percent from the previous auction two weeks ago to US$3,105, the lowest since April. Some 35,072 tonnes of product was sold, down from 35,669 tonnes at the previous auction. Whole milk powder fell 5.5 percent to US$2,852 a tonne. The auction comes just a week after Fonterra Cooperative Group r...

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