Whole milk powder leads decline in dairy products in latest GlobalDairyTrade sale

Tue, 17 Jul 2012

July 18 (BusinessDesk) - Whole milk powder, the biggest-volume dairy product sold through Fonterra’s GlobalDairyTrade platform, led the third month of declines, pushing the benchmark composite price further below its long-term average. The GDT-TWI Price Index fell 0.9 percent compared to the last sale two weeks ago. The average winning price dropped to US$2,756 a metric tonne from US$2,787 a tonne in the last sale. Whole milk powder, which typically accounts for almost two thirds of volume, fell 6.4 percent to US$2,762. Volumes through the G...

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