Not exact matches
This is despite a three - way
global bidding war for Warrnambool Cheese and
Butter, which made it the world's most expensive dairy company on a
price - earnings multiple.
China's appetite for dairy imports is growing again and US consumers are eating more
butter and cheese, but recent improvements in
global prices are set to be swamped by an even higher tide of milk production from Europe.
In July,
butter hit $ US6004 a tonne ($ 7545) at the
Global Dairy Trade auction — the highest
price since auctions began in 2008.