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.
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
