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Ceres' weekly forecast says demand could recover as food service spending rises, with China and India possibly tightening supply over the summer. It expects Q2 dairy prices to stay low, while 2H 2023 and 2024 forecasts are higher for most products.
Expected stronger H2 demand and tighter supply support a firmer dairy price outlook, while near-term weakness keeps feed purchasing cautious.
ceresdrm.comSarah MurphyApr 7, 2023Not 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.
