
In October, Breton dairy processors saw their manufacturing costs rise even though raw milk became slightly cheaper. The Banque de France reported weak demand, which held back industrial dairy output, while overall Breton food activity stabilised.
Dairy firms kept staff and expect a slight production recovery in November.
Weak demand for dairy products combined with still-falling raw milk prices points to softer dairy ingredient demand, which can ease pressure on dairy-derived feed ingredients such as milk powders and whey.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.