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 GDT price index rose 3.7% over the previous auction, its biggest jump since February this year.
Fonterra’s key product whole milk powder enjoyed a 3.6% lift in price to US$3254/MT.
Skim milk powder also recorded a sharp rise; up 6.7% to US$2942/MT.
Key Results
AMF index up 2.6%, average price US$5,191/MT
Butter index up 0.2%, average price US$4,117/MT
BMP index up 5.4%, average price US$2,786/MT
Ched index down 0.6%, average price US$3,609/MT
LAC index down 1.9%, average price US$768/MT
RenCas index up 5.1%, average price US$7,274/MT
SMP index up 6.7%, average price US$2,924/MT
SWP index not available, average price not available
WMP index up 3.6%, average price US$3,254/MT
