date:Sep 25, 2015
ands producers are being squeezed by low milk prices and a lack of feed due to dry conditions from the effects of El Nio, AgriMoney said.
Milk powder prices have been recovering since Fonterra announced it was cutting the amount of product it was making available on the Global Dairy Trade platform, AgriMoney said. Analysts said new demand was sparked by low prices and the seasonal return of China to the market despite its economic woes.
But Rabobank dairy analyst Thomas Bailey, quoted by AgriM