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Maxum Foods says global dairy markets face deep COVID-19 impacts from lockdowns that disrupt trade and close food-service channels. Weaker cheese demand is changing product mix, and milk output is building toward the seasonal peak in Europe and the US.
Demand from developing importers remains robust, conditional on China's recovery.
Surging milk supply against weaker cheese demand points to continued downward pressure on dairy prices.
dairyreporter.comJim CornallApr 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.
