Dairy product prices slide, led by butter as offer volumes exceed expectations

Tue, 21 Aug 2018

By Margreet Dietz Aug. 22 (BusinessDesk) - Dairy product prices declined at the Global Dairy Trade auction, as whole milk powder and butter fell amid expectations of ample supply. The GDT price index dropped 3.6 percent from the previous auction two weeks ago. The average price was $3,044 a tonne, compared with US$3,136 a tonne two weeks ago. Some 32,041 tonnes of product was sold, down from 34,076 tonnes two weeks ago. Whole milk powder fell 2.1 percent to US$2,883 a tonne. “Buyers will be feeling that whole milk powder will be am...

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