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 was down 1.2% overnight, following drops of 5,5% and 4.7%.
The poor run is being blamed by uncertainty around the spread of coronavirus.
Key results
AMF index down 1.7%, average price US$4,302/MT
Butter index up 1.0%, average price US$4,131/MT
BMP index down 4.8%, average price US$2,718/MT
Ched index down 4.7%, average price US$4,285/MT
LAC index up 5.7%, average price US$871/MT
RenCas index up 0.5%, average price US$9,891/MT
SMP index down 3.2%, average price US$2,747/MT
SWP index not available, average price not available
WMP index down 0.5%, average price US$2,952/MT
