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RaboResearch says milk and dairy product prices are rising, but passing those increases to consumers is a challenge amid weak economic conditions in many countries. It expects EU milk output to grow modestly in 2020 and Chinese import demand to rise, while whey prices are improving slowly.
Expected milk supply growth of about 1% and steady import demand limit upside, but firmer cheese and skim powder prices support dairy values and dairy-based feed ingredient demand.
farminglife.comThe NewsroomFeb 28, 2019Not 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.
