Rabobank sees stable dairy prices until late 2017

Fri, 07 Apr 2017

By Rebecca Howard April 7 (BusinessDesk) - Rabobank is expecting prices for dairy commodities to remain broadly stable at least until the second half of 2017 but notes "hesitation" in the market as the uncertain outlook for production, foreign exchange markets and stocks fuels short-term volatility. The specialist agricultural lender noted that a steep decline in production in the second half of last year had led to a significant price rally but "as we move into 2017, the upward movement of prices has run its course, as milk production le...

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