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Article: Global Demand for Dairy Ingredients and Record High Feed Prices Drive Milk Prices to All-Time Highs
- Article from:
- U.S. Newswire
- Article date:
- April 10, 2007
CopyrightCopyright 2007 U.S. Newswire. Provided by ProQuest LLC. (Hide copyright information)
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To: NATIONAL EDITORS
Contact: Marti Pupillo of the International Dairy Foods
Association, +1-202-220-3535
WASHINGTON, April 10 /PRNewswire-USNewswire/ -- Strong
international demand for U.S. dairy ingredients, coupled with
climbing corn and soybean prices, has caused milk prices to reach
record highs recently, according to the International Dairy Foods
Association (IDFA).
"Strong international demand and short global supply of nonfat dry
milk, dry whey and lactose have steadily driven prices up in the past
six months," said IDFA President and CEO Connie Tipton. "The price of
nonfat dry milk has gone up about 30%, and the price of dry whey is
at a record high; in fact, it's more than twice ...