Dairy prices on the rise 01/06/2007 00:00
1 June 2007
LEEUWARDEN – The price of milk is rising extremely fast because of great demand in Asia for powdered milk.
Friesland Foods, the Netherlands' largest dairy cooperative, increased the advance price of milk offered to farmers by EUR 1.28 per 100 kilos of milk on Friday.
The relatively rapid increase will boost dairy prices in the Dutch supermarkets. "The price of powdered milk has doubled over the past year," says a spokesperson for Friesland Foods.
Prices for whey and butter on the world market have also been rising quickly.
[Copyright Expatica News 2007]
Subject: Dutch news
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