Dairy product prices fell at the Global Dairy Trade auction, with whole milk powder declining amid an increase in supply. The GDT price index retreated 0.6% from the previous auction two weeks ago. At the latest GDT auction, buttermilk powder dropped 4.3% to US$1959 a tonne, while anhydrous milk fat shed 3.2% to US$6245 a tonne. "Skim milk powder is running a bit short in New Zealand, but there is plenty of stock elsewhere in the world." The number of registered bidders rose to 529, up from 527 at the previous auction.

Source: Otago Daily Times March 06, 2018 19:52 UTC