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Rabobank's Q4 Dairy Quarterly says global dairy prices rose by over 45% in the second half of 2016. The rise followed stronger US and European domestic demand for cheese and butter and a 2.6m tonne fall in milk supply from export regions.
Tighter export supply from Oceania and Europe, with milk output still short of prior peaks, points to continued upward pressure on dairy prices, though supply growth will take time to respond.
agriland.ieAmy FordeDec 23, 2016Not 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.
