Dairy prices up in the air as supplies teeter on tightrope

While the short-term outlook is not positive, over the next decade, markets will be buoyed by demand in developing nations.

Global milk markets are as finely balanced as 0.5-1 per cent, one of the most respected dairy analysts has warned as markets crash into what some have dubbed “milk price apocalypse”.

Tuesday’s Global Dairy Trade Auction saw the GDT Index fall by 1.5%. The previous auction at the start of the month was up 3.2%, but followed three consecutive drops of 3.8%, 2.8% and 0.1%.