The newsletter didn't provide forecasts of how far Fonterra
expects dairy commodity prices to fall.
Not exact matches
«The continued expansion of world demand, resulting from global population and economic growth and increasing preference for
dairy products are
expected to be the main drivers, fuelling EU exports and sustaining
commodity prices,» said the EC report.
But he warned that could slide to $ 5.60 - $ 5.90 a kilogram if global prices for key
dairy commodities did not improve as
expected.
Some pressure is still
expected to build on global
commodity prices in this year's second quarter, in line with the northern hemisphere milk peak, Rabobank's latest
dairy quarterly says.
Mr Rowley and ADF's three other directors hope to capitalise on Asia's appetite for
dairy, particularly infant formula, which the Australian government's
commodities forecaster ABARES isn't
expecting to slow down soon.
Drought in New Zealand and continued strong buying from Russia and China are
expected to keep international
dairy commodity prices buoyant in early 2011, according to Rabobank.