Study: Global dairy market to remain weak through 2016
Global dairy commodity U.S. dollar prices have continued to stumble along a market floor largely determined by the level of EU intervention support.
The global dairy market outlook will remain weak throughout 2016, but will experience more upward pressure on prices as we head into 2017, according to the “Global Dairy Quarterly Q1 2016” report, produced by Rabobank, New York.
Global dairy commodity U.S. dollar prices have continued to stumble along a market floor largely determined by the level of EU intervention support. The short-term outlook remains pessimistic. In the face of a cripplingly long price trough entering 2016, production growth in the world’s milk production regions has continued to slow.