Dairy prices set for 'substantial recovery' by mid-2016, Rabobank says

Mon, 17 Aug 2015

By Tina Morrison Aug. 18 (BusinessDesk) - Dairy prices, which have slumped to a six-year low, are set for a substantial recovery by mid-2016, according to agri banking specialist Rabobank. Average dairy product prices plunged to the lowest level since August 2009 at the last GlobalDairyTrade auction a fortnight ago, amid increased supply and weak demand. Still, the factors to trigger a turnaround are now in place and a substantial improvement in prices is expected by mid-2016, Rabobank said in its dairy industry note 'Riding Out the Storm...

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