02.
01.17
15:03

Milk prices 2017 on the global upswing

Milk prices are rising as a result of global reduction of milk production The since 2014 ceaseless fall in milk prices is up on some stops only in the course of the year 2016 in a stable upward movement transshipped. The same multiple factors were involved in the years of decline. It began in spring 2014 with the Russia's import ban, which affected in particular the import strong cheese sector. In the course of the year 2014, his milk product imports to halfreduced China due to financial constraints and accumulated stocks of milk powder. At the same time, the global milk production in the leading export Nations reached its peak. First the EU milk quota beginning 2015 slowed from even milk deliveries, but the initiated growth steps in the course of the year 2015 despite the fallen prices of milk resulted in higher quantities than in the previous year. Were first and foremost the EU and the United States involved in second place. With the further fall in milk prices in the 1st half of the year 2016 sufficient redemptions of amounts of were triggered after overcoming the seasonal high point of delivery. At the same time, the demand attracted more.   Especially In the sector of butter top prices were achieved in autumn 2016 again in international trade. The other on MMP products at least the multi-annual average prices exceeded. EU prices behind the results from other countries left behind in an international comparison. So are E.g. the milk prices in the United States, New Zealand and Australia higher than in the EU. The cause of the built up inventories in the Public and private EU warehouses, which must be mined price gently slowly deliver. The decline in the production capacity in New Zealand and Australia as the world's leading export region is so serious that on any time soon not a return to the old potential can be expected. Also in the EU remain the delivery quantities significantly below the previous year's level. Alone the United States are still above last year's levelwith sustained high quantities of milk. The background was for months high butter prices, have located some 50 to 70% on the international level. In recent times, butter prices have again aligned and the U.S. milk prices have eased noticeably. The increase in production in the United States in recent times significantly less is. For the year 2017 is slow to be expected but steadily rising global demand pushes milk prices up further back with tighter supply conditions . While China will play a crucial role. In the Middle Kingdom the milk production goes back again, while still increasing demand for dairy products. Increasing imports are inevitable. This concerns especially the milk powder industry, but also the area of butter and cheese. It would be but presumptuous to assume that the boom-like developments of over the years until 2014 with high double digit growth rates are imminent. A solid milk price rise 2017 is well justified from the available information.

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