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European spot milk prices recovered to 27.5 ct/kg in the Netherlands on June 26, 2016, well above the April/May low of 17 ct/kg. Italian spot prices reached 27.3 ct/kg, above the April low of 22 ct/kg.
Rising prices for butter, milk powder and cheese, along with cuts to production in leading milk-producing countries, point to a recovery.
Production cuts in leading milk-producing countries are reducing global milk supply, which supports higher milk prices. Rising spot and product prices confirm the trend.
zmp.deJun 29, 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.
