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RaboResearch's Q4 2019 Dairy Quarterly says milk and dairy prices are rising, but whether consumers will accept higher retail prices is uncertain given weak global economies. It expects EU milk output to grow modestly in 2020 and Chinese import demand to keep rising, though weaker in the first half.
Whey prices are improving but remain limited by lower demand for pig feed in China.
Expected EU milk growth and firmer Chinese import demand support dairy prices, while weak whey demand from Chinese pig feed limits gains in dairy by-product feed values.
dairyindustries.comDec 18, 2019Not 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.
