At the GlobalDairyTrade auction on 20 October, dairy prices decreased by 3,1% compared to the previous auction at the beginning of October. This followed significant increases of 9,9%, 16,5%, 10,9% and 14,8% at the last four auctions. Prices are still 58% higher than at the beginning of August.
In major exporting countries, milk production is growing at a slower rate than in 2014. In the first seven months of 2015, EU production increased by 0,8%, compared to the same period last year. New Zealand production grew by 1,2% and US production by 1,7%. This is much lower than growth in 2014. The main reason for the decrease in production growth is the decrease in producer prices since 2014.
Published on Monday, 26th October 2015 - 10:24
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