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NZMP published a commentary on dairy market trends including milk production, global feed costs, China demand, inflation and trade. It notes dairy prices reached record highs in early 2022 before easing from May, though they remain well above five-year averages.
Export regions have seen milk production growth weaken for three consecutive quarters.
Weakening milk output in major exporting regions and high feed costs point to continued firm dairy prices, though the easing since May signals that the peak may have passed.
nzmp.comJul 25, 2022Not 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.
