The International Farm Comparison’s (IFCN) has reported that record dairy product prices during 2013 and the first quarter of 2014 have not resulted in lower demand. World milk prices have increased in 2013 and the first quarter of 2014. The IFCN world milk-price indicator has ended 2013 at above US$50 per 100 kg and increased further to US$56 per 100 kg in the first quarter of 2014. IFCN expects that global prices may decrease slightly to a level between US$40 and US$50 later this year. In rand terms, this is equal to producer prices of between R4,13 and R5,33 at the current rand/dollar exchange rate of R10,66/$. Click HERE for a copy of the IFCN newsletter.
Published on Monday, 14th July 2014 - 10:54
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