Dairy product prices rise, lifted by whole milk powder

By Margreet Dietz | Wed, 20 Nov 2019


by Margreet DietzDairy product prices increased at the Global Dairy Trade auction, as whole milk powder climbed to the highest level in nearly three years. The GDT price index rose 1.7 percent from the previous auction two weeks ago. The average price was US$3,481 a tonne, compared with US$3,446 a tonne two weeks ago. Some 37,968 tonnes of product was sold, down from 38,681 tonnes two weeks ago.Whole milk powder gained 2.2 percent to US$3,321 a tonne. That is the highest average price since December 2016, NZX dairy analyst Robert Gibson sa...