Dairy product prices edge higher, butter continues its climb
Dairy product prices rose at the Global Dairy Trade auction, gaining for the first time in three auctions, with butter outpacing the other commodities amid strong consumer appetite for natural, full-fat products.
The GDT price index rose 0.2 per cent from the previous auction two weeks ago to US$3,387. Some 26,688 tonnes of product was sold, down from 28,574 tonnes at the previous auction.
Whole milk powder advanced 0.3 per cent to US$3,114 a tonne.
“Whole milk powder prices are expected to stick close to current levels for most of the season,” AgriHQ dairy analyst Susan Kilsby said in a note………