28 Jun 2010

World dairy prices to fall - Rabobank

12:49 pm on 28 June 2010

Rabobank expects world dairy prices to slowly erode later this year.

In its latest quarterly dairy report, the specialist agribusiness bank says the high prices being fetched at the moment will ease as world milk supplies increase.

However, senior analyst Hayley Moynihan says the New Zealand dairy industry is in a good position to handle this drop in prices with an expected increase in milk production.