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 GDT price index was down 1.3%.
Whole milk powder price dropped 1.1% to US$3205/MT.
Butter price dropped 3.5% to US$5581/MT.
Key Results
AMF index down 1.7%, average price US$6,222/MT
Butter index down 3.5%, average price US$5,581/MT
BMP index up 17.7%, average price US$2,314/MT
Ched index down 3.6%, average price US$3,998/MT
LAC index up 3.9%, average price US$714/MT
RenCas index up 2.7%, average price US$5,015/MT
SMP index up 0.3%, average price US$2,051/MT
SWP index not available, average price not available
WMP index down 1.1%, average price US$3,205/MT
