Dairy product prices jump as global milk output eases

Tue, 02 Aug 2016

By Margreet Dietz Aug. 3 (BusinessDesk) - Dairy product prices rose more than expected at the Global Dairy Trade auction amid signs of a slowdown in worldwide output. “Dairy commodity markets are waking up to the fact that milk production is slowing across the globe,” AgriHQ dairy analyst Susan Kilsby said in a note. “The majority of the extra milk produced in recent years has come from Europe—but output there is now being stemmed by low returns.” “We are still seeing growth in the US market but that is largely being taken care of by...

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