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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 Cadogan2016年11月3日在过去 17 次看涨的政策事件之后，牛奶(III类) 在 5 个交易日内中位数变动 -0.6%（29% 上涨；中间一半区间为 -1.6% 至 +0.2%），20 个交易日内为 -3.0%。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件；仅描述已发生的情况，不代表未来走势。不构成投资建议。
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.
