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Lower global milk output is expected to push European farmgate prices to a peak in November 2018, according to dairy analysts at the EU Dairy Outlook conference. Traders warned that a worldwide dairy demand slowdown may be masked by higher prices, with GDP and population growth expected to weaken in most large importers.
Tight near-term supply supports milk prices, but a possible demand slump could reverse gains in early 2019 when seasonal production rises.
fwi.co.ukJack YatesSep 11, 2018Not 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.
