Global dairy commodity prices have shown a rally in the first quarter of 2026, particularly for products originating from Australia and New Zealand, according to a new Q1 Global Dairy Quarterly report by Rabobank. The report notes that overall dairy prices have begun to recover in recent months, supported by strong consecutive increases at Global Dairy Trade (GDT) auctions, which have helped improve market sentiment across the sector.
However, despite the price gains, global dairy markets remain well supplied, with milk production continuing to grow across most major dairy-exporting regions of the world, except Australia. Rabobank senior dairy analyst Michael Harvey said that while Australian farmgate milk prices are currently shielded from global market movements, the local industry is closely watching the June 1 milk-price setting deadline for the upcoming dairy season.
He added that there could be downward pressure on Australian farmgate milk prices if commodity prices in Australian-dollar terms remain below last year’s levels, although competition among processors for milk supply may provide some support to local prices. The report highlights cautious optimism in global dairy markets as price momentum returns despite continued supply growth.
Source: https://dairynews7x7.com/category/globalDairynews7x7 14th March, 2026 Read full story here
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