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A global dairy outlook says COVID reopening will restore foodservice demand in the US and UK, while Europe faces slower vaccination and continued restrictions. Weather is mixed, with drought spreading across the western US and a cold, slow EU spring.
Strong Oceania prices, driven by Chinese buying of whole milk powder and butter, face price resistance elsewhere.
Competing forces of firmer foodservice demand and heavy US stocks against patchy overseas demand leave global dairy prices mixed, with volatility likely.
en.edairynews.comDamián MoraisApr 7, 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.
