Dairy product prices gain as supply is set to ease

Tue, 19 Mar 2019

By Margreet Dietz March 20 (BusinessDesk) - Dairy product prices rose at the Global Dairy Trade auction, increasing for the eighth consecutive time, as dry weather conditions are weighing on supply. Within the past month Fonterra Cooperative Group has downgraded its milk collection forecast for the current season twice while it has increased its forecast payout to farmers. The GDT price index gained 1.9 percent from the previous auction two weeks ago. The average price was US$3,324 a tonne, compared with US$3,309 a tonne two weeks ago....

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