Dairy index falls on weaker butter, milk fat demand

Wed, 04 Dec 2019

Product prices were mixed at the Global Dairy Trade auction amid lower appetite for milk fats.The GDT price index fell 0.5 percent from the previous auction two weeks ago, its first decline since early September. The average price was US$3,467 a tonne, compared with US$3,481 a tonne two weeks ago. Some 36,258 tonnes of product was sold, down from 37,968 tonnes two weeks ago.“The decrease was driven by reduced demand for milk fats which offset strong prices continuing for milk powders,” NZX dairy analyst Robert Gibson said in a note.Whole milk p...

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