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Rabobank reports that combined milk supply growth from major exporters slowed to 0.8 percent in the third quarter of 2018 and is expected to stay well under 1 percent in 2019. Drought in northwestern Europe and Australia reduced feed and forage output, while tight US farm margins and Dutch phosphate rules also reduce output.
Drought-reduced forage and feed supply plus slowing milk output tightens global dairy supply, supporting milk prices and higher feed costs for dairy producers.
capitalpress.comCAROL RYAN DUMASCapital Press3 de jan. de 2019Após 32 eventos altista de clima passados, Leite (Classe III) subiu em mediana +0,1% em 5 sessões (50% de alta; metade central de -0,7% a +3,4%), e +3,2% 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.
Rabobank's report of slowing milk supply growth from major exporters, driven by drought, tight margins and Dutch phosphate rules, supports a tighter supply outlook and higher futures.
