Dairy product prices increase for first time in six months

Tue, 18 Aug 2015

By Margreet Dietz Aug. 19 (BusinessDesk) - Dairy product prices jumped in the latest GlobalDairyTrade auction, rising for the first time in nearly six months on reduced volume of whole milk powder on offer. The GDT average winning prices climbed 14.8 percent to US$1,974, up from US$1,815 at the previous auction two weeks ago. It was the first increase since the March 3 auction. Some 36,904 tonnes of product was sold, down from 46,527 tonnes of product two weeks ago. The AgriHQ 2015-16 Farmgate Milk Price has increased to $3.85 per kilo...

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