Dairy product prices slide amid confidence in outlook for supply

Tue, 17 Oct 2017

By Margreet Dietz Oct. 18 (BusinessDesk) - Dairy product prices fell at the Global Dairy Trade auction, declining for the sixth time in nine auctions, amid bets on sufficient supply. The GDT price index fell 1 percent from the previous auction two weeks ago to US$3,204. Some 35,669 tonnes of product was sold, down from 37,990 tonnes at the previous auction. Whole milk powder slipped 0.5 percent to US$3,014 a tonne. “Falling New Zealand milk production should be supporting whole milk powder prices; however Fonterra also lifted its W...

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