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EU milk production fell 2% behind 2015 levels from January to August and is expected to decline further. Around 58,000 EU dairy farmers signed up for compensation to cut output by over 1.07 million tonnes.
Wet weather in Australia and lower New Zealand output in October also tightened supply.
EU government-funded output cuts and weather-hit exporters reduce global milk supply, supporting dairy prices into the coming months.
irishexaminer.comStephen Cadogan3 de nov. de 2016Após 17 eventos altista de política passados, Leite (Classe III) subiu em mediana -0,6% em 5 sessões (29% de alta; metade central de -1,6% a +0,2%), e -3,0% em 20.
Variações do benchmark de cada commodity desde o último fechamento antes do evento. As leituras históricas agregam eventos passados do mesmo tipo; descrevem o que aconteceu, não o que vai acontecer. Não é recomendação de investimento.
Falling EU milk output, farmer compensation to cut production, and wet weather in Australia and New Zealand point to tighter global supply, supporting dairy prices.
Falling EU output, farmer compensation to cut production, and wet weather in Australia and NZ point to tighter global supply, which supports prices.
