Dairy product prices rise 3.5 percent
Thu, 02 Aug 2012 7:26a.m.
Prices of dairy products rose for only the fourth time this year in the latest GlobalDairyTrade sale, led by whole milk powder, the biggest product by volume sold through the Fonterra online platform.
The GDT-TWI Price Index rose 3.5 percent compared to the last sale in July. The average winning price rose to US$2,797 a metric tonne.
Whole milk powder rose 3.5 percent to US$2,675 ($3,307) a tonne and skim milk powder gained 3 per cent to US$2,805 ($3,468) a tonne.
While anhydrous milk fat and butter milk powder prices fell, cheddar, lactose, milk protein concentrate and rennet casein prices all gained.
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