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The IDF World Dairy Situation 2018 report was launched at the World Dairy Summit in Daejeon, Korea. It covers over 50 countries and finds milkfat-driven price recovery in 2017, strong production growth in several countries, and rising Chinese import demand.
Confirmed Asian import demand and Oceania cheese growth point to firm global dairy trade, a background factor for milk prices rather than an immediate shock.
dairyindustries.comOct 16, 2018After 664 past report events, Milk (Class III) moved a median -0.1% over 5 sessions (44% higher; middle half -0.7% to +0.5%), and -0.1% over 20.
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.
