date:Jun 30, 2012
creased at a far slower pace over recent quarters. The report partly attributes this to strong milk supply growth in Russia and India, which has reduced their import requirements.
Import demand proved insufficient to soak up all of the increased surplus from export regions,said the report.
Economic deterioration
It now appears that the global economy further deteriorated in Q2 2012, with evidence of a simultaneous slowdown in growth in both the major OECD economies and the BRICs.
Liquid milk