Dairy product prices record biggest drop since June 2013, paced by whole, skim milk powder

Tue, 04 Mar 2014

March 5 (BusinessDesk) - Dairy product prices recorded their biggest decline since June last year in the latest GlobalDairyTrade auction, paced by whole and skim milk powder, suggesting New Zealand commodity prices may ease from record highs. The GDT Price Index fell 4 percent from the last sale two weeks ago. The average winning price was US$4,794 a tonne from US$5,016 a tonne at the last auction. Some 42,037 tonnes of product was sold, up from an eight-month low 34,568 tonnes in the previous sale. Whole milk powder, the biggest product sol...

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