Dairy product prices increase on optimism for outlook

Tue, 06 Oct 2015

By Margreet Dietz Oct. 7 (BusinessDesk) - Dairy product prices climbed in the latest GlobalDairyTrade auction, increasing for a fourth consecutive time after nearly six months of declines. The GDT average winning prices rallied 9.9 percent to US$2,834, the highest level since March, up from US$2,568 at the previous auction three weeks ago. Some 35,243 tonnes of product was sold, down from 36,050 tonnes of product three weeks ago. The AgriHQ 2015-16 Farmgate Milk Price increased 74 cents to $5.39 per kilogram milksolids, compared with...

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