Dairy product prices rise from five-year low

Tue, 16 Dec 2014

By Margreet Dietz Dec. 17 (BusinessDesk) - Dairy product prices rose in the latest GlobalDairyTrade auction, propelled by a jump in anhydrous milk fat and butter. The GDT average winning price rose 2.4 percent to US$2,609, up from US$2,513, the lowest level since August 2009, two weeks ago. Some 35,390 tonnes of product was sold, down from 39,273 tonnes of product two weeks ago. Even so, the AgriHQ Seasonal Farmgate Milk Price for the 2014-15 season dropped 5 cents to $4.20 per kilogram milksolids, which is comparable with Fonterra’s c...

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