When will global milk production hit a tipping point?
With global milk prices falling, the question is when will key exporting countries reach a tipping point where production starts to dip.
The Global Dairy Trade (GDT) price index was down 0.2% compared to the previous event.
However, whole milk powder price rose 2.1% to US$3,100/metric tonne.
Butter, AMF and skim milk powder prices finished lower than the previous auction.
Key results
• AMF index down 3.7%, average price US$5,061/MT
• Butter index down 3.4%, average price US$4,025/MT
• BMP not offered
• Ched index up 0.8%, average price US$3,857/MT
• LAC index down 3.7%, average price US$740/MT
• RenCas index down 8.1%, average price US$6,348/MT
• SMP index down 0.3%, average price US$2,478/MT
• SWP index not available, average price not available
• WMP index up 2.1%, average price US$3,100/MT
