Dairy product prices post biggest gain in five months, led by rennet casein

Tue, 03 Dec 2013

Dec. 4 (BusinessDesk) - Prices of dairy products staged the biggest gain in five months, pushing the average price to a two-month high, as rennet casein climbed to a record. The GDT Price Index, previously known as the GDT-TWI Price Index, rose 3.9 percent compared to the last sale two weeks ago. The average winning price was US$4,973 a tonne compared to US$4,805 a tonne. The average winning price of rennet casein, a functional ingredient used in everything from sliced cheeses to products that can be whipped or foamed, jumped 18.9 percent to...

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