World Dairy Trends - November 2020

After the fall in prices triggered by the health emergency for the containment of the Covid-19 pandemic, the world dairy market seems to be hinting at a timid recovery, although the factors of uncertainty linked to the second wave of coronavirus spread make forecasts particularly complex also on the short-term evolution.After the minimum touched in spring, international butter prices reached an average of 3.50 euros per kilogram at the end of September, following a constant trend of growth, thanks both to the intervention measures in favor of of storage introduced as an emergency by the European Commission, and to strong pressure from world demand. In particular, Chinese imports of butter increased by 46% in the period January-July 2020 and, ...