Rabobank: Dairy demand fragile but growing

Bank expects more upward pressure on global dairy prices heading into 2017.

The global dairy market outlook will remain weak throughout 2016, but with more upward pressure on prices heading into 2017, according to the Rabobank “Global Dairy Quarterly Q1 2016” report.

According to the report, global dairy commodities priced in U.S. dollars have continued to stumble along a market floor largely determined by the level of European Union intervention support. The short-term outlook remains pessimistic. In the face of a cripplingly long price trough entering 20

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