Dairy product prices slip as greater supply weighs on whole milk powder

Tue, 02 Oct 2018

By Margreet Dietz Oct. 3 (BusinessDesk) - Dairy product prices declined at the Global Dairy Trade auction as whole milk powder sustained its downward trend amid greater supply. The GDT price index fell 1.9 percent from the previous auction two weeks ago. The average price was US$2,901 a tonne, compared with US$2,934 a tonne two weeks ago. Some 41,981 tonnes of product was sold, up from 39,143 tonnes two weeks ago. Whole milk powder fell 1.2 percent to US$2,753 a tonne. “A decline had been expected, as volumes of whole milk powder ar...

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