Global Dairy Trade: Global milk price falls through the floor

In short: China’s dramatic dairy diet has caused international trade figures to fall to levels last seen during the milk market’s 2016 meltdown. Overnight, the Global Dairy Index fell for a seventh straight trading session — but this time the plunge was particularly pointed with a 7.4 per cut to the headline figure.
 
JMI Wealth director Andrew Kelleher said the huge drop in the whole milk powder index was of particular concern for farmgate futures.
“The real issue is: How long prices stay this low?”

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Source: Alex Sinnott, The Weekly Times, 25 July 2023