Dairy product prices slip on ample global supplies

Tue, 05 Jul 2016

By Margreet Dietz July 6 (BusinessDesk) - Dairy product prices moved lower at the Global Dairy Trade auction, with a decline in whole milk powder amid plentiful supply. The GDT price index fell 0.4 percent to US$2,345, down from US$2,339 at the previous auction three weeks ago. Some 32,500 tonnes of product was sold, up from 23,089 tonnes at the previous auction three weeks ago. Whole milk powder fell 1.6 percent to US$2,062 a tonne. “The drop in the whole milk powder price indicates that demand is not currently strong enough to abs...

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