Global Dairy Trade Reaches New Milestone
Global dairy trade is becoming more competitive as export leadership gradually shifts, according to Rabobank’s latest World Dairy Map 2026. Between 2017 and 2025, global dairy trade expanded 11%, rising from 91.1 billion kg to 101.2 billion kg in liquid milk equivalents (LME), averaging 2% annual growth despite disruptions such as New Zealand’s nearly 4%…
Global Dairy Trade Growth Driven by Cheese: Rabobank
Global dairy trade is continuing its long-term expansion, growing at an average rate of 2% annually, with cheese emerging as the primary driver of trade growth, according to Rabobank’s World Dairy Map 2026. The report projects global dairy trade to reach 101.2 billion kilograms of liquid milk equivalent (LME) in 2025, representing an 11% increase…
El Niño, Inflation Test Brazil’s Dairy Market
Brazil’s dairy industry is entering the second half of 2026 amid mounting pressure from El Niño, inflation and elevated imports, creating a challenging environment for both producers and processors, according to Rabobank. While profitability improved during the first half of the year, with net income per cow per day rising from R$23.30 in January to…
Rabobank Warns of Dairy Margin Pressure Ahead
Global dairy markets may remain profitable in the 2026/27 season, but rising input costs and geopolitical uncertainty are expected to put significant pressure on farmer margins, according to Rabobank’s latest dairy outlook. RaboResearch senior analyst Emma Higgins said dairy farmers are entering the new season facing a marked squeeze on profitability due to persistent and…
Global Dairy Commodity Prices Show Signs of Rally
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…
Global dairy prices under pressure Rabobank Q4 outlook
Global dairy markets softened through Q3 2025 and fell sharply in Q4 2025. In Oceania, spot prices (in USD) for the dairy commodity complex remain weak. Butter has led the decline, down 9% since the beginning of October, and 24% below its peak earlier this year. Whole milk powder (WMP) and cheese have followed suit,…
Rabobank’s Global Dairy Top 20 Report Signals Shifts Ahead
Rabobank’s latest Global Dairy Top 20 report reveals a modest yet stable growth outlook for the dairy sector—combined turnover among the top companies rose by 0.6% in 2024, with a projected increase of 0.5% in 2025 FoodBev Media+1. Despite overall steadiness, the competitive hierarchy is in motion: eight companies shuffled positions in the latest ranking,…
Chinese dairy imports to improve in 2025 – Rabobank
Chinese dairy imports could improve by “2% year on year” in 2025, according to a new Rabobank report. This would reverse the sharp decline in China’s net dairy product import volumes in the first eight months of this year which slumped year on year by 17%. According to the latest Rabobank analysis Chinese Skim Milk Powder (SMP) imports…
Rabobank Q3 2024 -Shifting Market Narratives
Summary: Rabobank’s Global Dairy Quarterly Q3 report reveals shifting market narratives, shaped by unpredictable weather, geopolitical tensions, and variable milk production. While supply from main producers is set to rise slightly due to better milk prices and cheaper feed, concerns like La Nina, China’s production challenges, and the spread of Bluetongue in Europe pose significant obstacles. The confluence of…
Australia’s milk production continues recovery
Australia’s milk production continues to recover, as global supply is forecast to grow at a modest rate in the coming year, Rabobank says in its newly-released Global Dairy Quarterly. In the Q3 report, titled Market Narratives are Shifting, the global agribusiness bank says positive – though modest – milk supply growth is expected from the world’s major…