How long will dairy commodity price surge last?
Wednesday August 29 2012
Dairy commodity prices have risen sharply in recent weeks, led by skimmed milk powder (SMP), with world market prices (fob western Europe) in mid-August standing at US$3 000-$3 300/t, up $300-$500/t from the end of June and just short of the average price a year ago ($3 375/t).
It is a similar story across Europe - French SMP spray prices, for example, are now at their highest level since March 2011, while Dutch prices have climbed 16% in the space of a month.
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