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AHDB reports UK farmgate milk prices were unusually stable in 2019, ranging only 2.02 pence per litre. UK production reached nearly 15.0 billion litres, the highest on record, while global milk output rose just 0.1%.
Tight global supply growth and steady demand growth are expected to keep dairy prices supported, which supports dairy-sector feed demand.
Not 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.