Dairy product prices hit lowest level since August 2009

Tue, 02 Dec 2014

By Margreet Dietz Dec. 3 (BusinessDesk) - Dairy product prices slipped to a fresh five-year low in the latest GlobalDairyTrade auction, because of a drop in whole milk powder. The auction follows figures showing New Zealand’s terms of trade fell from a 40-year high in the third quarter, led by an 11 percent drop in prices of exported dairy products. In November, New Zealand commodity prices fell for the ninth straight month, based on the ANZ Commodity Price Index, as milk powder prices dropped to five-year lows. The GDT average winnin...

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