Dairy product prices rise, led by whole milk powder

Tue, 20 Jan 2015

By Margreet Dietz Jan. 21 (BusinessDesk) - Dairy product prices rose in the latest GlobalDairyTrade auction, bolstered by gains in whole milk powder and rennet casein. The GDT average winning price increased 1.0 percent to US$2,758, up from US$2,709 two weeks ago. Some 31,326 tonnes of product was sold, down from 33,669 tonnes of product two weeks ago. ANZ Bank economists this week downgraded their forecast for Fonterra’s farmgate milk price to $4.35 per kilogram of milk solids in the current season, below the dairy exporter’s current...

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