Dairy product prices slip for seventh time in nine auctions

Tue, 19 Jun 2018

By Margreet Dietz June 20 (BusinessDesk) - Dairy product prices fell at the Global Dairy Trade auction, as whole milk powder slid amid data showing New Zealand’s processors collected record levels of milk in recent months because of improved weather conditions. The GDT price index fell 1.2 percent from the previous auction two weeks ago. The average price was US$3,481 a tonne. Some 21,634 tonnes of product was sold, up from 21,580 tonnes two weeks ago. Whole milk powder slid 1 percent to US$3,189 a tonne. Regular grade whole milk p...

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