Global milk production levels have dropped amid continued weakened markets.
UK milk deliveries for the first two weeks of July averaged 37.2m litres per day, down 4.2m litres/day (10.2%) on the same period last year.
Similarly, the latest figures for Australian milk supply show it is down 2% for the full year but down 8.8% for the month of June.
Wet cold weather in Uruguay and South America and low prices are also reducing supply as autumn weather is making a real impact. On the back of reduced European and Australian supply, spot milk prices have increased, with the latest Dutch …
Source: FarmersJournal
Link: http://www.farmersjournal.ie/global-milk-supply-crashes-217673