Loading…
CLAL's Oceania report for February 6 to 17, 2017 found Australian milk output down 8.55% and New Zealand down 2.97% year on year for the dairy season to date. Butter, cheddar, SMP and WMP prices firmed, with fats in short supply.
Lower Oceania milk output and firmer fat and powder prices point to a tight global dairy supply, which supports dairy commodity prices and feed-related dairy demand.
news.clal.itCLAL TeamFeb 23, 2017Not 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.
