date:Mar 04, 2022
axum Foods.
According to Maxum, the supply side of the dairy complex is not expected to improve quickly as the top producers are all in decline in Q1 2022.
While milk prices are rising, it seems cost pressures for both the farm and processing sectors are still rising faster.
Meanwhile, the weather in Oceania and the US is exacerbating the situation.
Cow and fertilizer shortage
Lloyd also highlights how fewer cows are also impacting the market. Cow numbers in the US are still declining and