# Rabobank outlook pushes dairy recovery into 2017 -  | Ag Proud

> Rabobank's Dairy Quarterly says global farmers are cutting production in response to protracted low milk prices. Excess stocks were estimated at 7.5 percent of trade volumes among the Big 7 exporters, and demand growth remains slow.

- Date: 2016-07-02 · published 2016-07-02T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/4751-rabobank-outlook-pushes-dairy-recovery-into-2017-ag-proud
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Production cuts and short-term butterfat demand support prices, but oversupplied protein markets and high stocks limit recovery until 2017. A weaker euro after Brexit may pressure prices elsewhere.

## Read by commodity

- MILK: bullish ▲

## Sources

- agproud.com: https://www.agproud.com/articles/28677-rabobank-outlook-pushes-dairy-recovery-into-2017

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.