Could 2011/12 turn out to be another stunner?

This comment is a bit 'tongue in cheek' - but it is interesting to note that whole milk powder prices are several hundred dollars a tonne higher this year than last year at the same point.  Does this mean that our milk price will end up in the $7/kg milksolids range rather than the current $6.50/kg price.

Well the answer is probably not as there are a few other differences.  Milk fat products were priced much higher than they are currently.  And the average exchange rate was probably lower.  And there was no EU crises last year.  But Chinese demand is likely to come back into the market in the New Year so it does make you think.