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The August 2020 global dairy update says commodity prices have weakened in most major producing regions. Milk supply is expanding faster than last year while demand slows, and COVID-19 restrictions and recession risks are weighing on cheese and butter trade.
Expanding milk supply and slowing demand point to continued downward pressure on global dairy prices, which lowers the cost of dairy-derived feed ingredients over the coming months.
en.edairynews.comDamián Morais2020年8月4日在过去 49 次看跌的宏观事件之后，牛奶(III类) 在 5 个交易日内中位数变动 -0.6%（33% 上涨；中间一半区间为 -8.5% 至 +0.6%），20 个交易日内为 -7.5%。
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。
The global update reported weaker prices, faster milk supply growth and slowing demand, which is a bearish backdrop for Class III.
