Laden…
Rabobank's Dairy Quarterly reports that milk collections in the Big Seven exporting regions were nearly flat year-on-year in Q4 2018, with US growth at about 1%. Output is falling in the EU and Australia, where weather hit feed quality, while Brazil and New Zealand grew before stalling in February 2019.
Rabobank expects a challenging production environment to continue through the first half of 2019.
Stalling milk output with weak global supply supports dairy prices and raises the cost of dairy-based feed ingredients for buyers. Tight milk supply tends to keep farmgate prices firm.
dairyindustries.com2 apr 2019Na 237 eerdere opwaarts rapport-gebeurtenissen bewoog Melk (Class III) zich mediaan +0,0% over 5 sessies (51% hoger; middelste helft -0,3% tot +0,6%), en +1,2% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.
Rabobank's outlook for constrained milk output in major exporting regions through H1 2019 is a bullish supply signal released on the move date.
