date:Apr 21, 2014
lk scarcity occurred in the face of tight stocks and very strong emerging market demand, particularly in China. It took the full year before the EU and New Zealand managed to climb above the previous years levels. Milk scarcity in the face of strong demand caused prices to rise quickly in early Q2, with Whole Milk Powder prices rising more than 60% between January and April 2013 on the GDT. EU prices were up more than 25% on average over 2012 levels for Butter, Skim Milk Powder and Whole Milk