Global Dairy Trade auction prices fell 2.3% on March 5, led by drops in skim milk powder, whole milk powder, butter, and mozzarella.
Global Dairy Trade auction prices fell 2.3% on March 5, the first decline since November, led by drops in skim milk powder, whole milk powder, butter, and mozzarella. Despite some positive signs in lactose, cheddar, and butter milk powder, the uncertain Chinese economy remains a key factor affecting global prices. A Rabobank report predicts margin improvements in 2024, but challenges persist for dairy farmers worldwide.
March 10, 2024
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