Dairy Outlook - November 2012
International prices of dairy products began to strengthen in mid-2012, reversing the steady decline that had characterized the previous twelve months. The change in trend resulted from a tightening of supplies to the world market. Availabilities are anticipated to be finely balanced until at least the end of the year, as output in the Northern Hemisphere is now trending seasonally downwards and only a limited increase is anticipated during the new production year in the Southern Hemisphere. The absence of substantial growth in milk output in the principal exporting countries is likely to mean a further upward movement in prices.

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The Dairy Outlook List is a network to facilitate the exchange of information on developments in the world's dairy industry between list members.