Milk oversupply dents confidence

ACCORDING to Rabobank’s latest dairy quarterly report, the global milk market will be confronted with a wave of exportable surplus in the upcoming months with an estimated oversupply of 3.2 billion litres more than the same period last year.

Milk oversupply dents confidence Milk oversupply dents confidence Milk oversupply dents confidence Milk oversupply dents confidence Milk oversupply dents confidence

Rabobank senior dairy analyst Michael Harvey said the recent growth in global milk supply is taking its toll on global commodity prices.

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