Dairy product prices slip for second straight auction

Tue, 06 Mar 2018

By Margreet Dietz March 7 (BusinessDesk) - Dairy product prices fell at the Global Dairy Trade auction, with whole milk powder declining amid an increase in supply. The GDT price index retreated 0.6 percent from the previous auction two weeks ago. The average price was US$3,593 a tonne. Some 19,292 tonnes of product was sold, down from 20,256 tonnes two weeks ago. Whole milk powder decreased 0.8 percent to US$3,232 a tonne. “Fonterra had increased its whole milk powder offer volumes ahead of this event as milk flows start to improve...

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