Dairy product prices rise, stemming two straight drops

Tue, 17 Jan 2017

By Margreet Dietz Jan. 18 (BusinessDesk) - Dairy product prices inched higher at the Global Dairy Trade auction, stemming two consecutive declines. The GDT price index rose 0.6 percent to US$3,517, up from US$3,463 at the previous auction two weeks ago. Some 22,030 tonnes of product was sold, edging lower from 22,396 tonnes at the previous auction. Whole milk powder slipped 0.1 percent to US$3,283 a tonne. “The results are indicative of the overall dairy market which is currently relatively balanced,” AgriHQ dairy analyst Susan Kils...

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