Dairy product prices up 1.1 percent in GDT auction

Dairy product prices up 1.1 percent in GDT auction
Jan. 17 (BusinessDesk) – Prices of dairy products rose in Fonterra’s latest GlobalDairyTrade auction, the third straight increase since a drop in early December, led by whole milk powder and anhydrous milk fat. The GDT-TWI Price Index rose 1.1 percent compared to the last sale two weeks ago. The average winning price rose to US$3,442 a metric tonne. Whole milk powder, the biggest product by volume, was up to 2.8 percent on the average of all contracts offered to US$3,288 a tonne and AMF rose 2.4 percent to US$3,253 a tonne. The sale comes ahe...