Despite slow milk production growth around the world, supply will likely outpace demand in 2019 leaving prices pretty similar to 2018.
Last week milk markets tested recent lows and then bounced back. What’s causing this price action?
China’s 2018 economic growth fell to a three-decade low, adding to pressure on Beijing to settle a tariff war with Washington.
Due to the decrease in cheese consumption, stock piles are growing at a faster rate.
The panic selling may be related to a petition drive launched in November to end the 49-year-old quota program.