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Global dairy prices rose 6.6% at the August 3 Global Dairy Trade auction, averaging US$2,436 per tonne, with whole milk powder up 9.9%. It was the largest gain since October 2015.
Analysts said global milk production is slowing as low returns curb EU output.
The largest auction gain in nearly a year, driven by slowing global supply, suggests firmer dairy prices ahead and higher costs for dairy-based feed ingredients.
irishexaminer.comThu, 04 Aug, 2016 - 01:004 de ago. de 2016Após 41 eventos altista de comércio passados, Leite (Classe III) subiu em mediana -0,1% em 5 sessões (49% de alta; metade central de -1,3% a +8,1%), e +1,1% 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.
Coverage of the largest GDT gain since Oct 2015 framed it as a possible start of recovery, boosting bullish sentiment on the date of the move.
Largest GDT gain since Oct 2015 was read as a possible start of recovery, supporting bullish sentiment in dairy futures.
