Dairy product prices slip for second straight auction

Tue, 04 Jul 2017

By Margreet Dietz July 5 (BusinessDesk) - Dairy product prices eased again at the Global Dairy Trade auction, posting two straight declines for the first time since March, as prices slid for most products except whole milk powder and butter milk powder. The GDT price index fell 0.4 percent from the previous auction two weeks ago to US$3,303. Some 28,574 tonnes of product was sold, up from 21,171 tonnes at the previous auction. Even so, whole milk powder gained, rising 2.6 percent to US$3,111 a tonne. “Prices for nearer-dated contra...

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