Dairy product prices inch up, whole milk powder slips

Tue, 20 Sep 2016

By Margreet Dietz Sept. 21 (BusinessDesk) - Dairy product prices rose at the Global Dairy Trade auction, though gains fell short of expectations as whole milk powder prices unexpectedly moved lower. The GDT price index rose 1.7 percent to US$2,975, up from US$2,920 at the previous auction two weeks ago. Some 35,086 tonnes of product was sold, down from 36,748 tonnes at the previous auction. Whole milk powder slipped 0.2 percent to US$2,782 a tonne. Futures traders had anticipated an increase of more than 11 percent, AgriHQ dairy analys...

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