Loading…
The AMF Global Dairy Commodity Update for April 2020 says COVID-19 lockdowns are disrupting dairy trade and shifting product mix away from cheese toward powders. Skim milk powder prices have fallen with rapid stock build, while Chinese demand is recovering.
Expected surplus powder output and weaker cheese demand point to lower global dairy prices, though robust import demand from developing regions offers some support.
en.edairynews.comDamián MoraisApr 6, 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.
