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 dropped 1.7%, its third consecutive drop.
Whole milk powder prices slumped 2.2% to US$2936/metric tonne, dipping below the US$3000/MT for the first time since February this year.
Key results
AMF index down 2.9%, average price US$3,873/MT
Butter index down 2.0%, average price US$3,370/MT
BMP not offered
Ched index down 3.6%, average price US$3,442/MT
LAC index down 3.3%, average price US$1,303/MT
SMP index up 1.1%, average price US$2,608/MT
SWP index not available, average price not available
WMP index down 2.2%, average price US$2,936/MT
