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Global Equities Roundup: Market Talk

14 Mar 2017 4:15 am

0415 GMT - Global milk supplies are rising on the back of higher farm-gate returns, more-conducive production conditions and normal seasonality of higher Northern Hemisphere supply, notes ANZ. It adds there's risk in New Zealand, the world's largest exporter, that production this season will top forecasts while European supplies are likely to increase. But the bank also notes estimates for China's import requirements are bullish. "The consensus view is that Chinese dairy-import requirements will lift by a further 10-20% in 2017. If such demand does materialize, this should be supportive of whole-milk powder above US$2,800/ton." (lucy.craymer@wsj.com; @lucy_craymer)

(END) Dow Jones Newswires

March 14, 2017 00:15 ET (04:15 GMT)

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