date:Sep 17, 2015
iled forecast of the weather patterns duration, expecting the effect to remain evident into next year.
Demand to remain low
This week the Australian crop bureau Abares forecast average milk prices to fall next season.
Abares forecast 2015-16 whole milk powder prices to average $2,400 a tonne, compared to $2,775 a tonne in 2014-15.
Whole milk traded at an average of $2,495 a tonne on Tuesday.
World import demand for dairy product is expected to remain low in 2015-16 because of reduced demand