Dairy product prices rise 1.1 percent in final GDT auction of the year

Tue, 18 Dec 2012

Dec. 19 (BusinessDesk) – Prices of dairy products rose in the final GlobalDairyTrade auction of the year, though whole milk powder, the biggest product by volume, fell for the fourth sale in a row, The GDT-TWI Price Index rose 1.1 percent compared to the last sale two weeks ago. The average winning price rose to US$3,311 a metric tonne from US$3,290 a tonne in the last auction. Whole milk powder fell 0.6 percent to US$3,147 a tonne while skim milk powder gained 1.1 percent to US$3,419 a tonne. Fonterra, the world’s largest exporter of dairy...

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