date:Jun 18, 2015
International dairy prices slipped in the overnight GlobalDairyTrade auction for June 16, an international trading platform established by New Zealands Fonterra Co-Operative Group Ltd.
The GDT Price Index, which covers a variety of products and contract periods in the auction, fell 1.3% from the previous auction on June 2. The average selling price was $2,409 a metric ton.
The average selling price for whole-milk powder was $2,327 a metric ton, down 0.1% from the prior auction.
Economists h