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 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
