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Production of milk in major Australian dairy regions decreased, while domestic and export demand held up. Prices for dairy commodities rose 4-6% per month, with WMP near USD 4,500-4,800 per tonne and butter around USD 6,800-7,100.
A tight Australian dairy supply and rising prices support global dairy product values, which can lift the cost of dairy-based feed inputs.
tridge.comAlan ChauMar 6, 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.
