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 […]
Dairy dominoes: How China’s increased dairy self-sufficiency is reshaping global trade
China’s growing self-sufficiency in dairy production is having a profound influence on global dairy trade. As China produces more dairy products domestically, New Zealand must seek alternative markets for its whole milk powder exports, leading to greater global dairy export competition and below-average milk powder prices. China’s increased dairy production ripples around the globe China’s […]
Global dairy outlook is positive, says Rabobank :Searching for Equilibrium
The global dairy market may experience a slower price recovery than previously anticipated, particularly as China shows a reduced need for dairy imports, Rabobank says in recently-released sector research. But, despite this, the overall market outlook remains positive, the global specialist agribusiness bank says in its Q2 Global Dairy Quarterly, titled Searching for Equilibrium. The report […]
Rabobank: Recovery in global milk prices has ‘cooled’ slightly
The recovery in global milk prices evident in late 2023 and continuing into early 2024 has “cooled slightly” in quarter two, according to new research published today (Tuesday, May 7) by Rabobank. The bank’s latest global dairy quarterly report suggests that the tentative recovery in prices could now face “some additional headwinds”. Rabobank had expected […]
Global Dairy Quarterly Q3 2023: Progressing Past the Pain
Rabobank lowers its 2023 milk production forecast. Milk production from the Big 7 export regions is anticipated to grow by 0.3% YOY in 2023. The downgrade from last quarter’s estimate of 0.5% is driven by reductions in most key global regions, including the US, EU, and New Zealand. Into 2024, output is expected to climb […]
Rabobank forecasts decline in demand for dairy products
Rabobank’s response to “Are we there yet?,” referring to peak milk powder prices, is yes. It appears that global milk powder prices peaked during 1H 2022. While milk production is in the middle of a significant slowdown, set to last at least four consecutive quarters (from Q3 2021 to Q2 2022), weakening demand expectations are […]
Ukraine-Russia conflict: Multi-layered impacts on dairy
The impacts of the Ukraine-Russia conflict on the global dairy markets are multi-layered, Rabobank says in a recent report. “Higher feed and fertiliser prices will only serve to limit milk supply growth in an already tight market.” According to the Rabobank report, there will be some impact in Australia as a result of the tightened […]
FAO and Rabobank join hands for sustainability and inclusion in Indian dairy sector
The Food and Agriculture Organization of the United Nations (FAO) has signed a new partnership agreement with Rabobank. The purpose of this agreement is to help targeted rural communities benefit from more inclusive and sustainable food systems. It also envisages jointly exploring the use of innovative financial instruments to bridge financing gaps in emerging markets […]