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The FAO reports that the 12-month rise in global dairy prices ended in June, with butter falling sharply and whole milk powder, cheese and SMP prices easing. Lower Chinese purchases and higher exports from major producers are weighing on prices.
Slowing global dairy import demand and ample exporter supplies point to softer international dairy prices, reducing demand for dairy-linked feed and milk prices.
dairyindustries.comJul 20, 2021Not 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.
