Dairy product prices decline for second straight time

Tue, 04 Jun 2019

By Margreet Dietz June 5 (BusinessDesk) - Dairy product prices fell at the Global Dairy Trade auction, sliding a second consecutive time, as whole milk powder continued its retreat. The GDT price index dropped 3.4 percent from the previous auction two weeks ago. The average price was US$3,423 a tonne, compared with US$3,414 a tonne two weeks ago. Some 19,874 tonnes of product was sold, up from 15,510 tonnes two weeks ago. Whole milk powder fell 1.5 percent to US$3,138 a tonne. “This is the fifth consecutive decrease in the whole mi...

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