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World wholesale dairy prices diverged in August, with EU and US prices mostly rising while Oceania prices declined. EU support came from production concerns linked to a hot, dry summer, while Oceania prices softened on expectations of higher New Zealand output.
Regional price divergence reflects weather-driven EU tightness versus seasonal Oceanian supply optimism, shaping global dairy export pricing.
poandpo.comSep 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.
