date:Mar 25, 2014
through season end, shipments are likely to continue to trend at least 10% above the previous year due to higher milk flows.
* Australia: Improved seasonal conditions and increased farm gate prices for Southern producers saw a recent rise in milk flow, albeit marginal. Rabobank expects a further recovery in milk flows in the first half of 2014, on the back of better weather and higher milk prices. A small exportable surplus can also be expected on the back of a 2% year-over-year production incr