Flood of milk may hit dairy prices

IMPROVED international dairy product prices will probably hold to the end of the year, but the market is less certain beyond that period, according to the Dutch dairy industry, international, monthly milk-price review.

They reported prices losing some ground during October, reflecting slightly weaker market sentiment.

However, Fonterra world auction prices remained firm last week. The Fonterra global dairy trade auction, at the start of September, and buying interest from Russia and Algeria, turned the market, said Dutch analysts.