NDLI: Dairy

Content Provider	OECD iLibrary
Organization	OECD
Abstract	Driven by robust growth in import demand from developing countries, international dairy prices rose strongly through 2010 and into the first half of 2011, peaking at levels close to those of the 2007/08 commodity boom. High returns and excellent pasture conditions in Oceania, and parts of South America, generated a supply response triggering a fall in prices. This decline in prices continued through to the second half of 2012. It was accompanied by an expansion in export volumes. With demand continuing to expand, especially from China, prices bottomed out at levels much higher than during the previous downturn in 2009. The 2012 droughts in the United States and the Russian Federation drove up grain prices, lead to lower dairy output growth in the United States and the European Union, and higher dairy prices. In early 2013, the recovery in prices intensified as reports of much drier weather conditions in Oceania began to impact market expectations of product availability. While the short term supply situation is tight, it is expected to ease over the medium term assuming normal weather conditions, keeping prices below the elevated levels of 2011.
Language	English
Publisher	OECD Publishing
Publisher Date	2013-06-27
Access Restriction	Open
Subject Keyword	Agriculture and Food Industry and Services
Content Type	Text
Resource Type	Chapter

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2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
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