Dairy product prices edged higher at the Global Dairy Trade auction, rising for the second time in six auctions, as gains in milk fats offset a decline in milk powders. The GDT price index rose 0.3 per cent from the previous auction three weeks ago to $3,323. Some 33,501 tons of product was sold, up from 32,260 tons at the previous auction.

Over 175 dairy producers, processors and allied industry representatives gathered in South Lake Tahoe to attend the 118th California Creamery Operators Association Annual Meeting to discuss the future course of the California Dairy Industry. Experts from academia and industry shared new information that can help California’s Dairy industry chart a new strategic course. 

Global dairy prices inched up at auction, rebounding slightly from a fall at a similar sale earlier in the month, according to Global Trade Events which holds the bi-monthly auction. The Global Dairy Trade (GDT) Price Index edged up 0.2 percent, with an average selling price in the auction of $3,387 per ton. The index had slipped 0.4 percent at the previous sale, moderating after a strong run earlier in the year.