Insight Focus
- Global recession concerns deepen due to record high US inflation and rate hike expectations.
- However, the fall in dairy prices could slow after the recent plunge.
- European dairy prices are generally higher than the other two major markets.
New Zealand
- New Zealand dairy futures fell to hit a year-to-date low.
- After the continuous slide, the fall in butter and anhydrous milk fat prices slowed.
USA
- The fall in US dairy futures showed no signs of ending.
Europe
- The European market seemed to be relatively solid compared with the other two major markets.
Other Insights That May Be of Interest…
Food Supply Chain Key Factor in Inflation Surge
Russian Food Self-Sufficiency: Reality or a Potemkin Village?
