date:Oct 10, 2012
ake cheese, jumped 22 percent to $21.01 on the Chicago Mercantile Exchange this year. Thats more than 20 of the 24 commodities in the Standard Poors GSCI Spot Index, which rose 3.5 percent. The MSCI All-Country World Index (MXWD) of equities climbed 11 percent, and Treasuries returned 1.8 percent, a Bank of America Corp. index shows.
The global dairy market is facing a scarcity of supply in the next 12 months as output slows in the U.S. and Europe and demand keeps expanding, Rabobank said in a