Dairy product prices rose at the Global Dairy Trade auction, rising for the third time in a row and offering a boost to sentiment. The GDT price index gained 3.1 per cent from the previous auction two weeks ago to US$3,139. Some 22,927 tonnes of product was sold, up from 22,642 at the previous auction. A large volume of instant WMP sold at a lower price than the regular grade product, AgriHQ dairy analyst Susan Kilsby said in a note. The number of qualified bidders rose to 541, up from 537 at the previous auction.

Source: New Zealand Herald April 18, 2017 18:21 UTC