Dairy product prices slide on supply concerns

Wed, 01 Apr 2015

By Margreet Dietz April 2 (BusinessDesk) - Dairy product prices declined in the latest GlobalDairyTrade auction, led by a slump in prices for butter milk powder and whole milk powder, amid concern about an increase in supply. The GDT average winning price dropped 10.8 percent to US$2,746, down from US$3,136 at the previous auction two weeks ago. Some 23,162 tonnes of product was sold, up from 20,258 tonnes two weeks ago. The AgriHQ Seasonal Farmgate Milk Price for the 2014-15 season decreased by 10 cents per kilogram milksolids to $4.5...

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