Dairy product prices advance, bolstered by milk powders

Tue, 17 Sep 2019

By Margreet Dietz Sept. 18 (BusinessDesk) - Dairy product prices gained at the Global Dairy Trade auction, rising for the second time in the past nine auctions. The GDT price index climbed 2 percent from the previous auction two weeks ago. The average price was US$3,303 a tonne, compared with US$3,202 a tonne two weeks ago. Some 37,345 tonnes of product was sold, down from 39,689 tonnes two weeks ago. Whole milk powder rose 1.9 percent to US$3,133 a tonne. “Strengthening prices was likely linked to fewer volumes sold at this event,...

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