Dairy product prices including whole milk powder unexpectedly drop

Tue, 03 Oct 2017

By Margreet Dietz Oct. 4 (BusinessDesk) - Dairy product prices unexpectedly declined at the Global Dairy Trade auction, falling for the fifth time in eight auctions, amid confidence in ample supply. The GDT price index fell 2.4 percent from the previous auction two weeks ago to US$3,223. Some 37,990 tonnes of product was sold, up from 34,117 tonnes at the previous auction. “The NZX Dairy Derivatives market had anticipated a strong lift in prices ..., particularly for whole milk powder, with plenty of trading activity occurring early th...

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