CORRECT: Conditions now right for recovery in global dairy prices, ASB economist Penny says

Mon, 04 Apr 2016

(Fixes Penny's name throughout) By Fiona Rotherham April 4 (BusinessDesk) - Global dairy prices will recover this year as growth in European production has now slowed, says ASB rural economist Nathan Penny. His comments follow a Fitch Ratings report last week that forecast the modest supply response so far to low global dairy prices would prolong a recovery in prices beyond 2016. Last month, when announcing Fonterra Cooperative Group's half-year results, chairman John Wilson said the company and most of its global dairy peers were s...

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