Dairy product prices gain 0.5 percent in GDT auction, led by butter, whole milk powder

Tue, 04 Feb 2014

Feb. 5 (BusinessDesk) - Dairy product prices rose in the second GlobalDairyTrade auction in a row, led by butter and whole milk powder, while volumes continued to retreat. The GDT Price Index increased 0.5 percent from the last sale two weeks ago. The average winning price was US$5,042 a tonne from US$5,025 per tonne at the last auction. Some 35,399 tonnes of product was sold, the lowest since June last year and down from 41,024 tonnes in the previous sale. Butter rose 2.6 percent to US$4,745 a tonne to the highest in at least a year, having...

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