Dairy product prices slip, stemming two straight gains

Tue, 03 May 2016

By Margreet Dietz May 4 (BusinessDesk) - Dairy product prices slipped as a gain in whole milk powder prices, reflecting lower local supplies at the auction, was offset by a decline in other products including skim milk powder amid an unabated international glut. The GDT price index fell 1.4 percent to US$2,203, down from US$2,263 at the previous auction two weeks ago. Some 20,615 tonnes of product was sold, down from 21,206 tonnes at the previous auction two weeks ago. Whole milk powder rose 0.7 percent to US$2,176 a tonne. “The lif...

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