date:Dec 12, 2012
Extreme global weather will contribute to a rise in dairy prices in the first six months of 2013, according to Theo Spierings, Fonterras chief executive.
There has been a persistent, serious drought in the United States. That has pushed up the price of grain, which in turn affects dairy production. There are also concerns about drought in the Ukraine and Russia. In South America, extreme wetness in parts of Brazil and Argentina could also depress wheat production, said Spierings.
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