Dairy product prices slip, declining for ninth time in 11 auctions

Tue, 17 Jul 2018

By Margreet Dietz July 18 (BusinessDesk) - Dairy product prices fell at the Global Dairy Trade auction, as slides in rennet casein and butter outweighed a surprise gain in whole milk powder. The GDT price index retreated 1.7 percent from the previous auction two weeks ago. The average price was US$3,222 a tonne. Some 25,454 tonnes of product was sold, down from 26,519 tonnes two weeks ago. Whole milk powder gained 1.5 percent to US$2,973 a tonne. “There was a lift in the number of buyers from North Asia at this event, so it’s likel...

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