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Rabobank warns of ‘rising tide of milk’

Rabobank expects EU milk supply to continue growing in the next six months. European milk supply in the next six month will decide the fate of global markets, according to the latest report from the Dutch-based agri lender.Rabobank’s latest quarterly dairy report sets the tone clearly in its headline: “Rising tide of milk weighs on sentiment”.While the bank’s analysts note that global supply has increased since last spring, they warn that it is not over yet. In Oceania, unfavourable weather conditions reduced production during the November spring peak. This leaves room for expansion this year.

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