Dutch Dairy Board says EU milk supply growing
A 2% Fonterra dairy commodity auction price increase last week also reflected market strength. But milk supply is still growing in all export regions, and provisional figures show 2010 milk output in the EU-27 up to August was 0.4% ahead of 2009. EU milk deliveries continued higher in the autumn, 4.5% ahead of last year in September. In October and November, deliveries were 8% ahead of 2009 in France, and 3.5% ahead in Germany.
The milk production trend in New Zealand (where daily intakes are at record levels), and demand from importers like Russia and China, are expected to largely determine prices in the near future.
