Wednesday, 02 April 2014 08:44

Dairy product prices down 8.9%

Written by Pamela Tipa

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PRICES FOR dairy products were down 8.9% in the Global Dairy Trade auction overnight.

Whole milk powder was down 8.4% to US$4022 per metric tonne, its lowest level in more than a year.

Skim milk powder was down 9.6% with an average price of US$4126 per metric tonne.
Butter was down 11% to an average price of US$4040/MT.

Other results were: anhydrous milk protein, down 11.3%, average price US$4,062/MT;
butter milk powder down 15%, average price US$4,211/MT; cheddar down 3.5%, average price US$4,438/MT; MPC70 down 4.3%, average price US$8,436/MT; rennet casein index up 5.5%, average price US$11,105.

There were 201 bidders with 167 winners in 11 rounds and 39,653 tonnes of product sold.

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