Dairy product prices slip, declining for fourth straight auction in 2016

Tue, 16 Feb 2016

By Margreet Dietz Feb. 17 (BusinessDesk) - Dairy product prices fell in the latest GlobalDairyTrade auction, sliding for the fourth consecutive time in 2016, as concern about worldwide oversupply weighs on sentiment. The GDT average winning price decreased 2.8 percent to US$2,235, down from US$2,276 at the previous auction two weeks ago. Some 22,021 tonnes of product was sold, down from 24,474 tonnes of product at the previous auction two weeks ago. To be sure, the decline wasn’t as much as some had feared. “Prices achieved at the G...

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