Growth in global milk pool 'unusual,' says Spierings, in cutting forecast

Tue, 29 Jul 2014

By Jonathan Underhill July 29 (BusinessDesk) - The global market for dairy products have been in the unusual situation where most producers have been lifting supply, while demand weakened in China, Southeast Asia and the Middle East, says Fonterra Cooperative Group chief executive Theo Spierings. The world's biggest dairy exporter today cut its "All milk pools around the world showed significant growth - we see milk coming from everywhere," Spierings said. "On the demand side, China is looking at pretty high inventories" although in-ma...

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