Dairy product prices fall in first drop since July

Tue, 04 Oct 2016

By Margreet Dietz Oct. 5 (BusinessDesk) - Dairy product prices fell at the Global Dairy Trade auction, the first decline since July. The GDT price index fell 3.0 percent to US$2,880, down from US$2,975 at the previous auction two weeks ago. Some 33,937 tonnes of product was sold, down from 35,086 tonnes at the previous auction. Whole milk powder dropped 3.8 percent to US$2,681 a tonne. "Average prices were down for virtually all commodities on offer—the exception being butter milk powder—but certain shipping periods were better supp...

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