Falling demand for milk in China and a rise in output in the world’s leading dairy exporters caused dairy prices to fall by 10% to 20% in the three months to mid-June, according to Rabobank’s ‘Dairy Quarterly Q2 — Beyond the tipping point’.

Rice, sugar, and rubber output in Thailand is at risk because of prolonged drought, according to the country’s government forecaster, which warned that the dry conditions may be aggravated by the development of an El Nino this year.