Dairy leaders watch trends worldwide

DAIRY industry leaders are monitoring worldwide production trends for milk production responses to rebounding prices, especially in the EU and US.

On the world market, commodity prices are generally expected to remain buoyant, stabilising around current levels until the end of the first quarter of 2010, as upward momentum fades away.

Price recovery up to now was supply driven; continued market recovery will depend on increasing demand on one side, and containing supply growth on the other side.