Dairy product prices rise 3.4% in second straight gain; SMP increases, WMP falls

Wed, 01 Jun 2016

By Jonathan Underhill June 2 (BusinessDesk) - Dairy product prices increased for the second Global Dairy Trade auction in a row, led by butter milk powder and skim milk powder, while whole milk powder declined. The GDT price index rose 3.4 percent to $2,329, up from US$2,283 and the second-largest gain this year. Some 24,046 tonnes of product was sold, up from 18,113 tonnes at the previous auction two weeks ago. Skim milk powder rose 12 percent to US$1,867 a tonne and whole milk powder, typically the biggest product on offer by volume,...

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