Dairy product prices gain for first time in five auctions

Tue, 17 Apr 2018

By Margreet Dietz April 18 (BusinessDesk) - Dairy product prices rose at the Global Dairy Trade auction, gaining for the first time in five events, amid strong demand. The GDT price index increased 2.7 percent from the previous auction two weeks ago. The average price was US$3,587 a tonne. Some 19,262 tonnes of product was sold, up from 17,222 tonnes two weeks ago. Whole milk powder rose 0.6 percent to US$3,311 a tonne. “Fonterra did lift its whole milk powder offer volumes ahead of this event; however solid demand seems to be abso...

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