Sour milk

Overview

Rising incomes and expanding middle classes in China, Southeast Asia, Latin America and the Middle East have combined with higher feed prices, adverse weather conditions and changing trade and subsidy policies in key producing countries to fuel a surge in the price of milk products. Dairy prices, which have doubled in the last year, have negatively impacted profits at processors and food companies, while benefiting farmers in major exporting countries, including the US, New Zealand,...