date:Dec 29, 2015
put, which is forecast to increase modestly by less than 1% declining by 640,000 tonnes in Oceania but offset by projected gains of 2.9m tonnes of milk production in the European Union, Argentina and the US.
Although the pace of increasing milk production is forecast to slow, prices for such dairy products as skimmed milk powder and whole milk powder are expected to remain relatively weak.
These products face strong headwinds due to the continuation of the Russian ban on imports of dairy produ