According to Rabobank’s Global Dairy Quarterly Q1 2016, which was released last week global dairy demand is fragile but growing. The global dairy market outlook is expected to remain weak throughout 2016, with recovery in 2017 on the back of upward pressure on prices.
Rabobank’s Global Dairy Strategist Kevin Bellamy said “Looking forward, the news is by no means all bad for the dairy industry. With the exception of Brazil—gripped by the worst recession in a generation—Rabobank sees dairy consumption continuing to grow in Asia, as well as in the US and EU.”
Global dairy commodity US dollar prices have remained low as a result of the level of EU intervention support. Low prices have led to production growth in the world’s milk production regions continuing to slow down. To read more, click HERE.
Published on Mon, 18th Apr 2016 - 11:32