Dairy product prices halt slide in GDT auction, rise 1.1 percent

Tue, 18 Jun 2013

June 19 (BusinessDesk) - Prices of dairy products rose in Fonterra Cooperative Group’s latest GlobalDairyTrade auction, snapping three straight declines as prices rose for skim and whole milk powder. The GDT-TWI Price Index rose 1.1 percent compared to the last sale two weeks ago. The average winning price rose to US$4,598 a tonne from US$4,443 a tonne. Whole milk powder, the biggest product by volume, gained 2.2 percent to US$4,668 a tonne and skim milk powder rose 3.2 percent to $4,284 a tonne. The sale is the second since Fonterra last mo...

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