Commodity prices rally

ZISK
45 minutes ago
1 min read

Dairy commodity prices have rallied this quarter — particularly for Australian and New Zealand origin product — despite the world’s milk supply continuing to grow and outpace demand, Rabobank says in newly released research.

In its Q1 Global Dairy Quarterly report, the specialist agribusiness bank says overall global dairy prices have shown signs of recovery in recent months, with strong consecutive increases seen in Global Dairy Trade auctions lifting sentiment in the sector.

However, the report notes global dairy markets continue to be well supplied, with strong milk production growth across all the world’s major dairy-exporting regions except Australia.

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