Dairy product prices slide for fourth straight auction

Tue, 21 Nov 2017

By Margreet Dietz Nov. 22 (BusinessDesk) - Dairy product prices fell at the Global Dairy Trade auction, retreating for the fourth straight auction amid signs of increased production. The GDT price index declined 3.4 percent from the previous auction two weeks ago to US$2,970. Some 35,042 tonnes of product was sold. Whole milk powder fell 2.7 percent to US$2,778 a tonne. “While the derivatives market was expecting a lift, a further decline in whole milk powder prices is no real surprise,” according to AgriHQ in a note, pointing to s...

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