Dairy product prices slide to lowest in almost six years

Tue, 02 Jun 2015

By Margreet Dietz June 3 (BusinessDesk) - Dairy product prices fell in the latest GlobalDairyTrade auction, hitting the lowest level in nearly six years, amid concern about the end of European milk quotas, Russia's trading embargo and sluggish Chinese demand. The GDT average winning prices slid 4.3 percent to to US$2,412, down from US$2,472 at the previous auction two weeks ago. It was the lowest level since August 2009. Some 27,711 tonnes of product was sold, up from 26,535 tonnes of product two weeks ago. “The fall in GDT prices was...

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