Dairy product prices rise, bolstered by whole milk powder

Tue, 19 Sep 2017

By Margreet Dietz Sept. 20 (BusinessDesk) - Dairy product prices rose at the Global Dairy Trade auction, increasing for the third time in seven auctions, amid stronger-than-expected demand for whole milk powder. The GDT price index rose 0.9 percent from the previous auction two weeks ago to US$3,368. Some 34,117 tonnes of product was sold, up from 33,501 tonnes at the previous auction. Whole milk powder increased 0.6 percent to US$3,122 a tonne. “Price gains [were] recorded in the nearby delivery contract but weaker prices [were] re...

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