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Rabobank estimates that the big seven dairy exporters finished 2025 2.2% above 2024 milk output, with global production peaking in Q3 2025. It expects production growth to continue into 2026, with the US and Oceania growing for the full year.
China's demand remains sluggish.
Continued export-region milk growth into 2026 adds to global dairy supply, pressuring commodity prices and farmgate milk values.
ahdb.org.ukJan 8, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
