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.
WMP prices rose 5% to US$3182/metric tonne. It is now sitting close to its year high price of US$3233/MT achieved in January this year.
The biggest jump in WMP price this year was achieved in July - by a whopping 14%.
The overnight GDT price index rose 4.3% compared to the previous auction.
Key Results
AMF index up 2.6%, average price US$4,278/MT
Butter index up 3.8%, average price US$3,986/MT
BMP index up 1.3%, average price US$2,731/MT
Ched index up 2.4%, average price US$3,734/MT
LAC index up 13.5%, average price US$1,004/MT
SMP index up 3.6%, average price US$2,889/MT
SWP index not available, average price not available
WMP index up 5.0%, average price US$3,182/MT
