Dairy product prices resume slide on global glut

Tue, 15 Mar 2016

By Margreet Dietz March 16 (BusinessDesk) - Dairy product prices fell in the latest GlobalDairyTrade auction, posting their fifth decline in the six auctions held so far in 2016, as the global milk glut shows little sign of abating. The GDT average winning price declined 2.9 percent to US$2,190, down from US$2,253 at the previous auction two weeks ago. Some 20,406 tonnes of product was sold, down from 21,880 tonnes at the previous auction two weeks ago. “The large volume of milk that is being produced around the world, particularly in...

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