Dairy product prices fall, halting longest gaining streak

Tue, 21 May 2019

By Margreet Dietz May 22 (BusinessDesk) - Dairy product prices fell at the Global Dairy Trade auction, ending a record string of 11 consecutive gains, as whole milk powder declined for the fourth straight time. The GDT price index fell 1.2 percent from the previous auction two weeks ago. The average price was US$3,414 a tonne, compared with US$3,490 a tonne two weeks ago. Some 15,510 tonnes of product was sold, up from 15,375 tonnes two weeks ago. Whole milk powder dropped 2.1 percent to US$3,180 a tonne. “This is the fourth consecu...

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