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.
Last night’s Global Dairy Trade (GDT) auction saw the price index up 5.9% over the previous auction.
The flagship whole milk powder prices rose 7.6% to US$3226/metric tonne, the highest it has been in eight months.
Skim milk powder prices rose 7.2%, however it still sits below the US$2000/MT mark.
Butter prices also jumped 7.9%.
Key Results
AMF index up 0.5%, average price US$6,581/MT
Butter index up 7.9%, average price US$5,277/MT
BMP index up 8.4%, average price US$2,039/MT
Ched index up 7.2%, average price US$3,739/MT
LAC index not available, average price not available
RenCas index up 5.0%, average price US$4,943/MT
SMP index up 7.2%, average price US$1,932/MT
WMP index up 7.6%, average price US$3,226/MT
