Dairy product prices rebound from five-year low

Wed, 15 Oct 2014

By Margreet Dietz Oct. 16 (BusinessDesk) - Dairy product prices rose in the latest GlobalDairyTrade auction, recovering from the lowest level in five years, as gains in anhydrous milk fat and sweet whey powder outweighed declines in rennet casein and butter milk powder. The GDT average winning price rose 1.4 percent to US$2,640, up from US$2,599 two weeks ago. Some 50,816 tonnes of product was sold, down from 55,057 tonnes of product two weeks ago. Some traders had been expecting prices to rise after falling to their lowest since 2009...

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