Date: December, 2008
Abstract: USD dairy commodity prices fell sharply throughout the final quarter of 2008 in international trade.
Prices were pushed down by a combination of factors, including a further strengthening of the US dollar, some supply growth and poor demand caused by the collision of weak income growth, high retail prices and credit disruptions to trade.
Further price declines appear likely in coming months, with stocks starting to build in key export regions and supply growth struggling ...
Research Type: Industry Note