Dairy trade has been impacted by several major factors over the last 3 years. This is stated by Rabobank. For beef, the bank expects global growth. The Dutch agricultural bank releases its World Dairy Map 2016 last November. In the accompanying information the bank addresses that the Russian trade embargo, the slowing demand growth from China, the impact of low oil prices on demand from oil exporting countries and the strengthening of the US dollar all had a major impact on global dairy trade.
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