National Ag News
Nonfat dry milk prices expected to remain low
Jan 26, 2018, 17:22 PM
by
System
A dairy processor says the United States and European Union are largely behind high inventories of nonfat dry milk powder stocks and depressed prices.
“If we look at the combined holdings of powder in the EU and U.S., it’s 600,000 tons. That’s about triple the normal working level of inventory we have in powder at any given time globally.”
President of Select Milk Dairy Manufacturing Operations Steve Cooper tells Brownfield Canada’s increasing production also adds to market pressures and he expects dairy markets to continue to be tight in 2018.
Continue reading Nonfat dry milk prices expected to remain low at Brownfield Ag News.
