Dairy product prices rise, bolstered by whole milk powder

Tue, 05 Mar 2019

By Margreet Dietz March 6 (BusinessDesk) - Dairy product prices increased at the Global Dairy Trade auction, moving higher for the seventh straight time, led by a rally in whole milk powder. The GDT price index climbed 3.3 percent from the previous auction two weeks ago. The average price was US$3,309 a tonne, compared with US$3,271 a tonne two weeks ago. Some 23,930 tonnes of product was sold, down from 25,324 tonnes two weeks ago. Whole milk powder jumped 6 percent to US$3,186 a tonne. "Whole milk powder demand is robust at presen...

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