2016 Set To Continue Dairy Farmers Slump
Milk prices look set to continue to slump throughout 2016 and are predicted to trend upwards in early 2017.
The EU Commissions recent analysis is warning dairy farmers of further price reductions. However, it is not clear what, if any support will be put in place for those suffering as a result.
Analysis of the global market indicates growth in dairy consumption across Asia, America and the EU which is positive for those farmers selling onto exporters. Unfortunately, world supply is still increasing at a faster rate than world demand.
Please note: This article is a commentary on general principles and should not be interpreted as advice for your specific situation.