Dairy product prices rise 2 percent in first GDT auction of 2013

Wed, 02 Jan 2013

By Paul McBeth Jan. 3 (BusinessDesk) - The price of dairy products rose 2 percent in the first GlobalDairyTrade auction of 2013, recovering losses through the tail-end of last year. The average winning trade-weighted price increased to US$3,357 per metric tonne from US$3,311/tonne at the Dec. 19 sale. The gains were led by a 4.7 percent boost in skim milk prices to US$3,572 per tonne. Prices for whole milk powder, which typically accounts for more than half the product sold, rose 1.6 percent to US$3,199 per tonne. The total volume sold wa...

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