Milk markets remain under pressure

Talk of milk supply control returning in the EU didn’t boost the GlobalDairyTrade commodity auction on Tuesday, with a 2.9% slump to a seven-month low, defying signals from futures markets which had predicted a positive outcome.

Milk markets remain under pressure

Strong EU and US output are still blamed primarily for the market slump.

The EU Commission has forecast EU milk output to rise 1.4% in 2016, after 2015’s 2.3% increase.

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