Loading…
Milk prices are showing early signs of recovery after nearly two years of low prices. Meadow Foods raised its A price for July and August to 19 ppl, and Glanbia added 0.5 ppl for July.
Butter prices have risen as buyers held lower-than-expected stocks, and EU milk production has slowed.
Slowing EU output and tighter butter stocks support higher farmgate and commodity milk prices. Analysts caution that the rebound may be fragile.
farmersweekly.co.nzLocal Democracy ReportingJun 28, 2016Not 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.
