Weak global milk prices may rebound sooner than expected as supply meets demand, Guy says

Thu, 09 Jun 2016

By Tina Morrison June 9 (BusinessDesk) - Weak global milk prices may head higher sooner than expected with supply coming back into balance with demand, as farmers in New Zealand and Europe pull back production and global demand continues to grow, New Zealand Primary Industries Minister Nathan Guy has said. New Zealand dairy farmers are heading into the third season of weak farmgate milk prices, below the level required for the average farmer to break even, amid weak demand from China and oil-producing countries, and as global supply is...

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