Dairy product prices rebound from 3-year low in Fonterra’s GDT auction

Tue, 05 Jun 2012

June 06 (BusinessDesk) - Prices of dairy products rebounded from a three-year low as buyers returned to the market, posting their biggest gain in almost two years, led by skim milk powder and anhydrous milk fat. The GDT-TWI Price Index rose 13.5 percent compared to the last sale in mid-May. The average winning price rose to US$2,899 a metric tonne, the highest since April. The price of skim milk powder jumped 21.3 percent to US$3,011 a tonne. Whole milk powder rose 8.5 percent to US$2,763 a tonne. The average price at the sales rose for only...

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