date:Jul 14, 2014
fell for a fourth straight month to the lowest since March 2013.
Record Crop
Compounding the surplus will be the end of EU production quotas next year, increased profits for US farmers, and investment in expanded dairy operations in China, Goldman said in a June 11 report. EU milk production will increase 2.5 per cent to 157 million tons next year with the end of quotas imposed in 1984, the European Commission predicts. Output is up for a fifth straight year in 2014, according to the USDA.
US