Global dairy prices fall, volumes increase at fortnightly auction
- Global dairy prices edged lower at an auction early on Wednesday as prices declined for whole milk powder, the most widely traded item. The Global Daily Trade (GDT) Price Index edged down 0.4%, with an average selling price of $3,202 per tonne, having fallen 0.2% in the previous sale two weeks ago and slumping 2.6% at an auction in early August. Prices for whole milk powder (WMP) dropped 0.8%, largely in line with futures markets expectations. Prices of Anhydrous Milk Fat dropped 1.5%.