Dairy Trends: Milk powder prices may be in early stages of recovery – USDA

Overhanging stocks of SMP are likely to hold back a meaningful recovery in milk powder prices until 2017, according to the USDA. By Lorcan Allen.
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Since May, there has been a swing in sentiment in dairy markets as strong demand for butter and cheese helped lift prices. European butter prices alone have soared almost 20%, or $530/t, in value since the beginning of May.
However, while market quotes for butter and cheese have been improving, milk powder prices have remained relatively weak. The woes of milk powders are best encapsulated in the performance of the GDT, which has badly struggled to gain positive momentum in the last six months.
However, in its latest report on the global dairy market, the USDA has …
 
Source: FarmersJournall
Link: http://www.farmersjournal.ie/dairy-trends-milk-powder-prices-may-be-in-early-stages-of-recovery-usda-217491
 
 

Mirá También

Así lo expresó Domingo Possetto, secretario de la seccional Rafaela, quien además, afirmó que a los productores «habitualmente los ignoran los gobiernos». Además, reconoció la labor de los empresarios de las firmas locales y aseguró que están «esperanzados» con la negociación entre SanCor y Adecoagro.

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