Dairy product prices increase for fourth straight auction

Tue, 06 Dec 2016

By Margreet Dietz Dec. 7 (BusinessDesk) - Dairy product prices increased at the Global Dairy Trade auction, gaining for the eighth time in nine auctions, amid expectations for decreasing supply. The GDT price index rose 3.5 percent to US$3,622, up from US$3,519 at the previous auction three weeks ago. Some 22,472 tonnes of product was sold, down from 23,902 tonnes at the previous auction. Whole milk powder climbed 4.9 percent to US$3,593 a tonne. “The lifts in dairy commodity prices ... were closely aligned with market expectations,...

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