Dairy product prices rally, led by milk powder

Wed, 06 Feb 2019

By Margreet Dietz Feb. 7 (BusinessDesk) - Dairy product prices rose at the Global Dairy Trade auction, moving higher for the fifth consecutive time. The GDT price index rallied 6.7 percent from the previous auction three weeks ago. The average price was US$3,265 a tonne, compared with US$3,057 a tonne three weeks ago. Some 23,326 tonnes of product was sold, down from 27,909 tonnes three weeks ago. Whole milk powder jumped 8.4 percent to US$3,027 a tonne. Offer volumes for whole milk powder were down on the previous event, even thoug...

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