Global dairy prices have taken a hit in the overnight auction.
Wednesday, 19 June 2019 09:14
Dairy prices tumbleWritten by Sudesh Kissun
Global dairy prices have tumbled in the latest Global Dairy Trade (GDT) event.
The GDT price index dropped by 3.8% compared to the previous event; most products suffered a drop in prices. It is also the third consecutive drop for the GDT price index. Whole milk powder prices dropped 4.3% to US$3006/metric tonne. Butter dropped 5.7%, skim milk powder 3.5% and AMF 3.3% down 3.8%