Dairy product prices steady, whole milk powder rises

Tue, 04 Nov 2014

By Margreet Dietz Nov. 5 (BusinessDesk) - Dairy product prices were relatively stable in the latest GlobalDairyTrade auction, with the whole milk powder price index advancing. The GDT average winning price edged higher to US$2,649, up from US$2,646 three weeks ago, though the GDT price index slipped 0.3 percent. Some 45,499 tonnes of product was sold, down from 50,816 tonnes of product three weeks ago. Dairy prices have come under greater scrutiny after Fonterra chief executive Theo Spierings said a recovery in whole milk powder prices...

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