News: Markets

World: IFCN EST. WORLD PRICE UP 7%

The German farm consultancy IFCN has estimated the world price for farmgate milk should have been 38.4 US cents/kg in February, based on world dairy commodity prices. This price is up 2.6c (+7.3%) from February and has increased by 7.5c (+24%) since December. It is 9.4% higher than a year earlier. The world price of cattle feed expressed as a milk price was down 0.3c from Feb to 21.7c/kg.