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.
After four consecutive drops at previous auctions the GDT price index rose 0.4% in the overnight auction.
The flagship whole milk powder prices rose 1.7% over the previous auction to US$2830/metric tonne.
Butter prices saw an 11% drop to US$4575/mt.
Key Results
AMF index down 0.6%, average price US$6,836/MT
Butter index down 11.1%, average price US$4,575/MT
BMP index up 4.3%, average price US$1,957/MT
Ched index down 3.9%, average price US$3,696/MT
LAC index not available, average price not available
RenCas index up 3.4%, average price US$4,879/MT
SMP index up 4.7%, average price US$1,774/MT
WMP index up 1.7%, average price US$2,830/MT
