Maxum: easing of restrictions gives the dairy industry confidence that the worst is over
The experts of the company note a gradual recovery in demand. In particular, the surge in demand for cheeses and butter occurred due to the partial opening of catering outlets in a number of countries.
"The recovery of markets will depend on the speed of easing restrictions. As soon as the population can leave their homes and eat in restaurants, a more significant increase in consumption is likely", said Dustin Boughton, Director of purchasing at Maxum Foods.
At the same time, the expert predicts low business and tourist activity until the end of 2020.
Commodity prices will depend on the risks of creating a stock of skimmed milk powder and butter, said Dustin Boughton. Increasing demand for dairy ingredients from MENA and Asian countries will also be crucial.
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