Prices of dairy products rise 0.7 percent in GDT auction, volumes at 6-month high

Tue, 02 Jul 2013

July 3 (BusinessDesk) - Prices of dairy products rose for the second time in a row at Fonterra Cooperative Group’s latest GlobalDairyTrade auction and the volume sold jumped to a six-month high. The GDT-TWI Price Index rose 0.7 percent compared to the last sale two weeks ago. The average winning price rose to US$4,643 a tonne, the highest since the April 16 sale, from US$4,598 a tonne. The results suggest prices of New Zealand dairy products may bounce back this month after the ANZ Commodity Price Index fell 3.7 percent in June, led by a 9 p...

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