Dairy product prices inch higher as milk fats gain while milk powders fall

Dairy product prices inch higher as milk fats gain while milk powders fall
Margreet Dietz
By Margreet Dietz Sept. 6 (BusinessDesk) - Dairy product prices edged higher at the Global Dairy Trade auction, rising for the second time in six auctions, as gains in milk fats offset a decline in milk powders. The GDT price index rose 0.3 percent from the previous auction three weeks ago to US$3,323. Some 33,501 tonnes of product was sold, up from 32,260 tonnes at the previous auction. Whole milk powder declined 1.6 percent to US$3,100 a tonne. Whole milk powder “offer volumes are set to increase over the next few events, so buyer...