date:Dec 29, 2015
rage pasture growth during November.
A slowdown in global milk supply is needed for market prices to begin to recover.
However, significant levels of dairy stocks have built up during the past year. These stocks are expected to keep pressure on prices during the first half of next year, even after milk supply tightens.
John Wilson, chairman, Fonterra
Current, unsustainably low prices will continue to impact production levels globally.
We support the consensus view in the market that an impro