Whole milk powder prices fall by 2.8% to lowest level in 20 months

Whole milk powder (WMP) prices fell by 2.8% to their lowest level in 20 months at the latest global dairy trade auction.

While overall values rose by a collective 1.5% across all dairy categories at the auction, the prices for WMP hit their lowest level since Aug 2010, and down 30% in total since their peak of Mar 2011.

Dairy sector analysts have been interpreting this fall in WMP price as indicating a likelihood that milk prices will remain under pressure until at least mid-2012.