Dairy product prices steady, whole milk powder drops

Wed, 15 Jun 2016

By Margreet Dietz June 16 (BusinessDesk) - Dairy product prices were steady at the Global Dairy Trade auction, as a drop in whole milk powder offset gains in cheddar and butter amid concern about increasing supply. The GDT price index was unchanged in percentage terms at the previous auction two weeks ago, coming in at US$2,339, compared with US$ 2,329 at the previous auction. Some 23,089 tonnes of product was sold, down from 24,046 at the previous auction two weeks ago. Whole milk powder dropped 4.5 percent percent to US$2,118 a tonne...

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