Cow being milked in a dairy parlour© Tim Scrivener
Global milk prices have almost returned to their long-term average, signalling the end of the current world milk price cycle. Worldwide prices have increased by 63% since the lows of May 2016 and the International Farm Comparison Network (IFCN) world milk price indicator predicts the global milk price average for May was US$35.8/100kg (29.3p/litre) at 4% fat and 3.3% protein. Widespread low farmgate prices have driven production to its lowest level since 1998, according to IFCN. See also: How to build […]
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