Dairy product prices rise 4.9 percent in GDT auction, biggest gain since early April

Tue, 16 Jul 2013

July 17 (BusinessDesk) - Prices of dairy products posted their biggest gain since early April in Fonterra Cooperative Group’s latest GlobalDairyTrade auction, led by a jump in whole milk powder, the biggest product by volume. The GDT-TWI Price Index rose 4.9 percent compared to the last sale two weeks ago. The average winning price rose to US$4,828 a tonne, the biggest gain since April 16, from US$4,643 a tonne two weeks ago. Global commodity prices have recovered from their lows of late June. Thomson Reuters/Jefferies CRB Commodity Index ha...

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