Whole milk powder rises 3.6% on strong demand

Wed, 06 Nov 2019

Dairy product prices rose at the Global Dairy Trade auction, bolstered by strong appetite for milk powder. The GDT price index rallied 3.7 percent from the previous auction three weeks ago. It was the fourth consecutive gain. The average price was US$3,446 a tonne, compared with US$3,330 a tonne three weeks ago. Some 38,681 tonnes of product was sold, down from 38,712 tonnes three weeks ago.Whole milk powder climbed 3.6 percent to US$3,254 a tonne.“These results are likely due to strong demand continuing from key markets, and some flatteni...

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