Demand improving but most dairy product prices extend drop

Tue, 05 May 2015

By Margreet Dietz May 6 (BusinessDesk) - Dairy product prices slipped in the latest GlobalDairyTrade auction, with declines in milk powder and anhydrous milk fat prices outweighing a firming of cheese prices, amid sluggish demand from China and Russia, while a weakening euro has made euro-zone dairy product prices more competitive. The GDT average winning price fell 3.5 percent to to US$ 2,515, down from US$2,620 at the previous auction three weeks ago. It was the lowest level since the December 2 auction of 2014. Some 27,369 tones of pr...

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