TOKYO -- International dairy product prices have seen a rebound after farmers in Europe and New Zealand curbed production in the face of price falls in 2015-2016, resulting in an easing of global oversupply.
The benchmark Global Dairy Trade Price Index stood at 1,040 in mid-January, up 66% from the recent low set in March 2016 and the highest in roughly two and a half years, according to the latest data.
