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Rabobank's quarterly dairy outlook says some large markets are returning to pre-pandemic demand levels, though risks remain. It expects reduced Chinese import demand in the second half of 2021 and says global supply growth has been flat, with European milk deliveries declining in several countries.
Expected weaker Chinese import demand could force price adjustments in dairy markets, while flat supply growth limits downside.
dairyindustries.comJun 10, 2021After 136 past neutral report events, Milk (Class III) moved a median -0.1% over 5 sessions (43% higher; middle half -0.7% to +0.5%), and -0.3% over 20.
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.
