Prices at the latest Globaldairytrade internet sale held on the 18th August increased by 14,8% compared to prices at the previous sale held at the beginning of August. This is the first increase since the current downwards phase started in March 2015. Prices increased for all dairy products, with the exception of buttermilk powder and lactose. Full cream milk powder sold at 19,1% more, skimmed milk powder at 8,5% higher and butter prices increased by 10,8%. The increase in prices may be an early indicator that the market expects lower producer prices to impact negatively on production growth in coming months. A recent report from Rabobank predicts a recovery of dairy markets and producer prices from mid-2016.
Published on Monday, 31st August 2015 - 09:32
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