Date: October, 2008
Abstract: • After four months of relative stability, USD dairy commodity prices fell sharply in the closing weeks of August in fob Oceania trade.
• The momentum shift reflects a combination of technical and fundamental changes, as well as changes to sentiment.
• Current price levels may be tested further in coming months by ongoing demand softness, a modest improvement in Southern Hemisphere spring supply, and a stronger US dollar.
• However, expectations for slowing ...
Research Type: Industry Note