Dairy product prices rise 0.2 percent in GDT auction; casein hits record, WMP falls

Tue, 17 Dec 2013

Dec. 18 (BusinessDesk) – Dairy product prices held at elevated levels in the last GlobalDairyTrade auction for 2013, with rennet casein rising to its second straight record while whole milk powder fell. The GDT Price Index rose 0.2 percent compared to the last sale two weeks ago. The average winning price was US$4,990 a tonne compared to US$4,973 a tonne. The average winning price of rennet casein, a functional ingredient used in everything from sliced cheeses to products that can be whipped or foamed, rose 7.3 percent to US$11,770 a tonne,...

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