Dairy product prices inch up as drop in whole milk powder checks advance

Tue, 02 Apr 2019

By Margreet Dietz April 3 (BusinessDesk) - Dairy product prices increased at the Global Dairy Trade auction, rising for the ninth straight time, though a decline in whole milk powder limited gains. The GDT price index added 0.8 percent from the previous auction two weeks ago. The average price was US$3,483 a tonne, compared with US$3,324 a tonne two weeks ago. Some 17,854 tonnes of product was sold, down from 21,713 tonnes two weeks ago. Whole milk powder fell 1.3 percent to US$3,287 a tonne. The decline “reflects weaker demand acro...

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