Dairy product prices rise with whole milk powder

Tue, 18 Oct 2016

By Margreet Dietz Oct. 19 (BusinessDesk) - Dairy product prices inched higher at the Global Dairy Trade auction, increasing for the fifth time in six auctions. The GDT price index rose 1.4 percent to US$2,965, up from US$2,880 at the previous auction two weeks ago. Some 31,525 tonnes of product was sold, down from 33,937 tonnes at the previous auction. Whole milk powder gained 2.9 percent to US$2,760 a tonne. At the latest GDT auction, lactose climbed 5.6 percent to US$780 a tonne, while butter added 2.6 percent to US$3,984 a tonne....

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