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.
With Fonterra’s Global Dairy Trade auction suffering 10 straight price drops some industry leaders are calling for similar radical action in the hope this would arrest the decline in prices.
It might work but the damage to GDT’s reputation as the global benchmark for dairy prices would be tarnished. Are Fonterra directors bold enough for such a move?
