Has the crisis in the dairy industry been resolved? Readers of this column will probably have spotted recent news items about spectacular hikes in the price of butter and skimmed milk powder. This didn't happen overnight but has been building up over the past two months. The price of skimmed milk powder has risen 60% since February 2009 and butter prices have doubled and are close to the record highs of January 2008. Demand has increased due to global demand rising in places like India in...