Dairy product prices slide on increasing overseas supply

Tue, 17 Nov 2015

By Margreet Dietz Nov. 18 (BusinessDesk) - Dairy product prices fell to a more than two-month low in the latest GlobalDairyTrade auction, weakening for a third consecutive auction, amid an increase in international supply and a subdued outlook. The GDT average winning prices dropped 7.9 percent to US$2,345, the lowest since the September 1 auction and down from US$2,569 at the previous auction two weeks ago. Some 30,044 tonnes of product was sold, down from 33,997 tonnes of product two weeks ago. The AgriHQ 2015-16 Farmgate Milk Price...

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