Dairy product prices retreat in biggest decline since early March

Tue, 19 Dec 2017

By Margreet Dietz Dec. 20 (BusinessDesk) - Dairy product prices slid at the Global Dairy Trade auction, with an unexpected decline in the price of whole milk powder. The GDT price index dropped 3.9 percent from the previous auction two weeks ago to US$2,969. Some 29,592 tonnes of product was sold, marginally higher from 29,514 tonnes two weeks ago. Whole milk powder fell 2.5 percent to US$2,755 a tonne. On Tuesday, a report by the Dairy Companies Association of New Zealand showed production rose 3.4 percent in November when measure...

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