A market analyst expects global dairy product supplies will go up, but he has concerns about consumer demand.
Dan Basse is with AgResource Company. He tells Brownfield, “It’s a question of demand more than it is supply. Supplies will be up seven percent or one percent globally, but it’s demand that doesn’t look like it’s growing because of Central Bank intervention, a strong U.S. dollar, and maybe a consumer that just doesn’t have the purchasing power he did last year.”
As far as exports, Basse says the issues around the European Union’s Farm to Fork efforts will lower production from all EU farms, including dairies.
