The organization is awaiting further details from Canadian government as to how Canada will reengage as part of the negotiations.

Going into 2018, the global dairy industry is looking at a number of challenges. On the commodity side, lower pricing, thanks to an oversupply of skim milk powder, particularly in the European Union (EU), and weakened demand in the fourth quarter certainly have been concerns, said Thomas Bailey, senior dairy analyst for Rabobank, a global cooperative bank.