Strong production, tested demand send milk prices crashing
Strong global milk production and rebalancing of demand among key buyers has delivered one of the biggest drops in whole milk powder prices in recent years.
The 0.2% rise pushed WMP price to US$3226/metric tonne.
Skim milk powder rose 3%, reaching US$2047/MT.
The GDT price index was up 1.9% compared to the previous auction.
Key Results
AMF index up 5.8%, average price US$6,354/MT
Butter index up 2.4%, average price US$5,787/MT
BMP not offered
Ched index up 4.4%, average price US$4,205/MT
LAC index down 3.5%, average price US$687/MT
RenCas index down 6.1%, average price US$4,876/MT
SMP index up 3.0%, average price US$2,047/MT
SWP index not available, average price not available
WMP index up 0.2%, average price US$3,226/MT
