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Global milk supply is expected to grow just over 1% in 2021, with most of the increase coming from the US and EU. New Zealand farmers are positioned for good supply growth in the new season.
Demand is expected to stay strong through 2021, supported by economic recovery and Chinese import demand.
Limited global supply growth alongside firm demand supports dairy prices, while rising feed costs in the US and EU could restrain output in the second half. Buyers should watch feed costs against milk margins.
thebullvine.comMay 12, 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.
