Dairy product prices rise 0.7 percent in GDT auction, whole milk powder falls

Tue, 20 Nov 2012

Nov. 21 (BusinessDesk) – Prices of dairy products rose in Fonterra’s latest GlobalDairyTrade auction, the third straight gain on the sales platform, led by cheddar and anhydrous milk fat while milk powder prices fell. The GDT-TWI Price Index rose 0.7 percent compared to the last sale two weeks ago. The average winning price gained to US$3,348 a metric tonne. Whole milk powder, the biggest product by volume, fell 1.9 percent to US$3,276 a tonne and skim milk powder dropped 1.7 percent to US$3,402 a tonne. Fonterra’s brokers may be cheered as...

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