New Delhi, April 1 -- What's new and rare for the dairy industry is that we are experiencing nearly a year of weaker global milk supply. What's not new is that for the seventh consecutive month, milk production has documented a decline, which is unheard of when you look at the long-term view of the dairy industry.
Lucas Fuess, a senior dairy analyst for RaboResearch Food & Agribusiness, commented that we have to look back to 2021 when something similar happened, and shares that caused the bullish price response that we saw in 2022.
"What's different now is that we don't have the milk supply globally, but we also don't have the demand," he told a group of attendees at the High Plains Dairy Conference in Amarillo, Texas in early March. "For...