The price of milk has seen a significant rise, increasing by 7.20 USD/CWT or 44.72% since the start of 2024, as indicated by trading data on a contract for difference (CFD) that reflects the benchmark market for this commodity.
Historically, milk prices reached an all-time high of 25.20 USD/CWT in May of 2022, highlighting the volatility and potential for rapid changes in this sector.
Looking ahead, analysts predict that milk prices will settle at approximately 21.03 USD/CWT by the end of this quarter, with expectations for them to rise to 22.35 USD/CWT within the next 12 months, according to global macro models and expert analysis.