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Rabobank's Q3 Global Dairy Quarterly expects supply from seven major milk-producing regions to rise modestly in the second half of 2024 on better milk prices and cheaper feed. It flags Middle East tensions, La Niña, China's milk growth pause in 2025, a Chinese anti-subsidy probe into US dairy, and bluetongue spread in Europe.
Modest supply growth and weaker powder demand from Middle East disruption could cap dairy prices, while bluetongue and La Niña are risks to output.
agproud.comKaren LeeSep 9, 2024Not 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.
