Dairy product prices fall for fifth time in six auctions

Tue, 06 Aug 2019

By Margreet Dietz Aug. 7 (BusinessDesk) - Dairy product prices declined at the Global Dairy Trade auction, sliding for the fifth time in the past six auctions amid an increase of volume on offer. The GDT price index fell 2.6 percent from the previous auction three weeks ago. The average price was a US$3,253 a tonne, compared with US$3,412 a tonne three weeks ago. Some 34,969 tonnes of product was sold, up from 25,000 tonnes three weeks ago. “This was in line with NZX Dairy Derivatives market expectations leading into the event, and wa...

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