# Rabobank: Market narratives are shifting | Ag Proud

> 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.

- Date: 2024-09-09 · published 2024-09-09T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/28320-rabobank-market-narratives-are-shifting-ag-proud
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Modest supply growth and weaker powder demand from Middle East disruption could cap dairy prices, while bluetongue and La Niña are risks to output.

## Read by commodity

- MILK: neutral

## Sources

- agproud.com: https://www.agproud.com/articles/60330-rabobank-market-narratives-are-shifting

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.