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Rabobank reports that milk supply from the world's main dairy export regions fell by 2.6 million tonnes in the second half of 2016. Production declined in New Zealand and the EU, while U.S. and European domestic dairy demand strengthened.
Global dairy prices rose more than 45% in the second half of 2016.
Tighter global milk supply and firm demand support dairy prices, with butterfat demand strong and protein stocks still in surplus.
farminglife.comThe NewsroomJan 4, 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.
