Dairy product prices rise 2.3 percent in latest GDT auction as volumes stay high

Tue, 20 Aug 2013

Aug. 21 (BusinessDesk) - Prices of dairy products gained in the latest GlobalDairyTrade auction and the volume sold remained at elevated level for a second sale, suggesting overseas buyers aren’t fazed by elevated nitrate levels in Westland Milk’s lactoferrin. The GDT Price Index, previously known as the GDT-TWI Price Index, rose 2.3 percent compared to the last sale two weeks ago, the fourth gain in five auctions. The average winning price was US$4,941 a tonne, compared to US$4,847 a tonne. The total volume of dairy products sold at the lat...

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