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Maxum Foods said global dairy trade rebounded in June, and first-half 2020 trade was only 0.7% below 2019. It expects retail demand to stay stable while foodservice recovers slowly, and it sees mixed milk output trends by region.
Mixed production and a slow foodservice recovery leave global dairy prices without a clear direction, so buyers should expect range-bound markets.
dairyreporter.comJim CornallSep 7, 2020Not 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.
