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.
The Global Dairy Trade (GDT) price index hasn’t seen a rise since May this year.
The overnight GDT auction saw the price index fall 1.3% compared to the previous auction.
Whole milk powder price slid further, dropping 1.8% to US$2768/metric tonne.
Key results
AMF index down 0.6%, average price US$5,294/MT
Butter index down 0.1%, average price US$4,270/MT
BMP not offered
Ched index down 3.5%, average price US$3,503/MT
LAC index down 0.3%, average price US$910/MT
RenCas index up 1.7%, average price US$5,421/MT
SMP index down 1.1%, average price US$1,980/MT
SWP index not available, average price not available
WMP index down 1.8%, average price US$2,768/MT
