Dairy product prices gain for first time in five auctions

Tue, 16 Jul 2019

By Margreet Dietz July 17 (BusinessDesk) - Dairy product prices rose at the Global Dairy Trade auction, climbing for the first time in five auctions, on stronger appetite for milk powder. The GDT price index rose 2.7 percent from the previous auction two weeks ago. The average price was US$3,412 a tonne, compared with US$3,302 a tonne two weeks ago. Some 25,000 tonnes of product was sold, up from 24,711 tonnes two weeks ago. “This follows four consecutive decreases in the index and was likely linked to tighter global milk supplies with...

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