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Dryness to cap NZ milk output, despite lure of 'stretched' prices

Milk output in the top exporting country is heading for a big decline, BNZ says, amid ideas of constrained volumes in other leading nations too

Dairy prices edge higher at GlobalDairyTrade auction
An uptick in prices at the bi-monthly auction event defies a flat futures market in New Zealand
Brexit to have 'enormous impact' on ag markets
... not because the UK is a big farming force, but because the vote has set a precedent for EU political surprise, CME's Erik Norland says
Threats to US ag trade with China, Mexico 'far bigger deal' than TPP's loss
CME Group's Erik Norland forecasts a surge in ag price volatility ahead has he flags trade risks posed by Donald Trump's US presidency
Cautions over loss of US's Mexico ag trade, as Trump takes power
Ag commentators - including from Washington itself - flag the importance of Mexican ag imports, at a time of a weak peso and threats to free trade
'Material' rise in sugar, dairy, wheat costs forces Premier Foods warning
Shares slump in the owner of brands such as Oxo after it cuts profit hopes, citing rising crop costs - as London wheat futures hit a two-year high
Whole milk powder prices ease again at GDT auction
Values of whole milk powder fall for the third auction in a row - but not by as much as prices of skimmed milk powder
Australian milk output 'to stay weak' despite price revival
... at a time when New Zealand and EU output is weak too, says NAB, noting that Australia's spring flush in production has already passed
Food prices may face volatility, after stable finish to 2016 - UN
The likes of economic uncertainty and exchange rate moves "are likely to influence food markets even more so this year", the UN FAO says
Russian dairy prices rise in sympathy with EU market
Despite the isolation of the Russian market, prices are responding to rally in Europe, EkoNiva boss Stefan Duerr says
Mengniu bids for China's largest raw milk producer
The milk giant moves to increase its stake in China Modern Dairy, part owned by KKR, as it attempts to secure supplies of high quality milk
Dairy markets start 2017 on a bearish note
Whole milk powder price slump, despite slowing New Zealand production, as tariff-incentive for Chinese buying ends
Dairy rally has further to run, Rabobank says
Production will lag the rise in prices into next year, though sluggish demand will limit upside
Dairy prices - will their recovery continue in 2017?

Dairy proved one of the best commodity performers of 2016, as the price slump of the previous two years at last curbed output. Has the rally got legs?

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