Low milk prices, extreme feed costs and bad weather are expected to slow production growth in export regions to a trickle.
September 27, 2012
Rabobank forecasts a reduction in the exportable surplus available from what it calls the “Big Seven” export regions (the EU, U.S., Australia, New Zealand, Brazil, Argentina, and Uruguay) in the closing months of 2012 and first half of 2013. That would be the first such reductions in more than four years.