Dairy product prices slide on outlook for whole milk powder supply

Tue, 06 Nov 2018

By Margreet Dietz Nov. 7 (BusinessDesk) - Dairy product prices slid at the Global Dairy Trade auction, led by a drop in whole milk powder as the outlook for ample supply weighed on demand. The GDT price index fell 2 percent from the previous auction three weeks ago. The average price was US$2,851 a tonne, compared with US$2,885 a tonne three weeks ago. Some 42,412 tonnes of product was sold, up from 41,945 tonnes three weeks ago. Whole milk powder dropped 2.9 percent to US$2,655 a tonne. That's the lowest price since August 2016, accor...

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