Dairy product prices rise 6 percent in GDT auction to highest since April

Tue, 04 Sep 2012

Sept. 5 (BusinessDesk) - Dairy prices rose to the highest level since early April in the latest GlobalDairyTrade sale, the third straight gain, with increases for all eight products on offer. The GDT-TWI Price Index rose 6 percent compared to the last sale two weeks ago. The average winning price gained to US$3,174 a metric tonne from US$3,054 a tonne at the last auction. Whole milk powder, the biggest product by volume, rose 4.3 percent to US$2,978 a tonne and skim milk powder jumped 7.5 percent to US$3,211 a tonne. The auction results come...

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