Dairy product prices fall to five-year low

Tue, 18 Nov 2014

By Margreet Dietz Nov. 19 (BusinessDesk) - Dairy product prices fell in the latest GlobalDairyTrade auction to the lowest level in more than five years, led by declines in rennet casein and skim milk powder. The GDT average winning price slid 3.1 percent to US$2,561, the lowest level since August 2009, down from US$2,649 two weeks ago. Some 39,613 tonnes of product was sold, down from 45,499 tonnes of product two weeks ago. In the latest GDT auction, rennet casein sank 12.2 percent to US$6,681 a tonne, while skim milk powder dropped 5....

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