Dairy product prices rise though outlook subdued

Tue, 01 Dec 2015

By Margreet Dietz Dec. 2 (BusinessDesk) - Dairy product prices rose in the latest GlobalDairyTrade auction, rebounding from three consecutive declines, amid an improvement in market sentiment. The GDT average winning prices advanced 3.6 percent to US$2,419, from US$2,345 at the previous auction two weeks ago, and gaining for the first time since the October 6 auction. Some 28,158 tonnes of product was sold, down from 30,044 tonnes two weeks ago. The AgriHQ 2015-16 Farmgate Milk Price gained 21 cents to $4.48 per kilogram milksolids....

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