Rabobank has good news for dairy farmers

RABOBANK HAS GOOD NEWS FOR DAIRY FARMERS: World dairy production is slowing, which should push up prices in 2017, rural lending specialist Rabobank said in its quarterly outlook which is good news for dairy farmers. Global dairy commodity prices have continued to stumble along a market floor, largely determined by European Union support, the bank said. While the short-term outlook remained pessimistic, production growth in the world’s milk production regions had continued to slow. At this week’s…