Whole milk powder prices slipped. Photo: ODT filesDairy product prices fell at the Global Dairy Trade auction, declining for the sixth time in nine auctions, amid bets on sufficient supply. Whole milk powder (WMP) slipped 0.5% to US$3014 a tonne. The slide in skim milk powder prices was unexpected, according to Kilsby. "Skim milk powder prices have been driven by factors surrounding the European-government-run intervention scheme," Kilsby said.

Source: Otago Daily Times October 17, 2017 18:56 UTC