Dairy product prices steady, snapping decline of four consecutive auctions

Tue, 07 Aug 2018

By Margreet Dietz Aug. 8 (BusinessDesk) - Dairy product prices were steady at the Global Dairy Trade auction as a rally in rennet casein offset a drop in butter milk powder. The GDT price index was unchanged in percentage terms from the previous auction three weeks ago. The average price was US$3,136 a tonne, compared with US$3,222 a tonne three weeks ago. Some 34,076 tonnes of product was sold, up from 25,454 tonnes three weeks ago. Whole milk powder eked out a 0.1 percent gain to US$2,958 a tonne. However, regular grade whole mil...

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