THE INTERNATIONAL BUTTER INDUSTRY CONTINUES TO SPREAD, DESPITE SOME VOLATILITY
August 1st, 2012
BY MJ DESCHAMPS
DESPITE the global recession, and volatility in the dairy market as a whole, the international butter industry is anticipating long-term growth. Used as a spread, a condiment, or as an important ingredient in baking and cooking, demand for butter has been a significant constant in the global food industry.
According to the OECD-FAO Agricultural Outlook for 2011-2020, after a downward correction from peak 2011 levels, international dairy prices are expected to rise in nominal terms. And the outlook for butter is rosier still: world market prices ...
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