Balanced market expected in 2011

摘要

A key reason for this is that seasonal peaks in the Southern Hemisphere have not been as strong as first hoped. Another contributing factor to a firm and settled market is continued strong ingredient buying from China, Russia and South-East Asia. Themarket fundamentals for 2011 look promising. Global supplies will remain tight, as carry-over stocks are very low everywhere. The EU still has excessive skim milk powder in interventions stores, but most is committed to social food programs.