Dairy product prices slump for third consecutive time

Tue, 18 Jun 2019

By Margreet Dietz June 19 (BusinessDesk) - Dairy product prices declined at the Global Dairy Trade auction, retreating for a third straight time, led by whole milk powder. The GDT price index dropped 3.8 percent from the previous auction two weeks ago. The average price was US$3,208 a tonne, compared with US$3,423 a tonne two weeks ago. Some 24,239 tonnes of product was sold, up from 19,874 tonnes two weeks ago. Whole milk powder slid 4.3 percent to US$3,006 a tonne. “This is the sixth consecutive decrease in the whole milk powder...

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