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 GDT price index was down 1.7% over the previous auction. However, whole milk powder price rose 1.5% to US$2973/MT.
Skim milk powder price also rose slightly, 0.8% to US$1959/MT.
Prices of other commodities dropped – butter was down 8% to US$4953/MT.
Key results
AMF index down 5.2%, average price US$5,629/MT
Butter index down 8.1%, average price US$4,953/MT
BMP index not available, average price US$2,225/MT
Ched index down 3.3%, average price US$3,596/MT
LAC index not available, average price not available
RenCas index down 9.5%, average price US$4,602/MT
SMP index up 0.8%, average price US$1,959/MT
SWP index not available, average price not available
WMP index up 1.5%, average price US$2,973/MT
