The dairy product price index slipped at the Global Dairy Trade auction, moving lower for the sixth time in the past seven auctions, even as whole milk powder gained. The GDT price index slipped 0.2 percent from the previous auction two weeks ago. The average price was US$3,255 a tonne, compared with US$3,253 a tonne two weeks ago. Some 34,410 tonnes of product was sold, down from 34,969 tonnes two weeks ago. Whole milk powder climbed 2.1 percent to US$3,100 a tonne. "Market expectations were for milk powder prices to be stronger, and for milk fats to soften," NZX dairy analysts Robert Gibson and Amy Castleton ... (full story)