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Maxum Foods reports global milk supply is gradually growing while total dairy trade is declining, with the market close to balanced. Skim milk powder prices are expected to firm as surplus EU stocks fall, and whole milk powder trade fell 16% in July.
Firmer skim milk powder and butterfat values support dairy ingredient prices, while weak trade limits upside for feed-related dairy demand.
foodprocessing.com.auOct 16, 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.
