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The September 2022 global dairy update says tight EU milk supply contrasts with weaker US cheese and protein demand. Weaker Chinese and Asian demand is pressuring Oceania milk powder prices.
Wet weather is slowing the start of New Zealand's 2022-23 season.
Soft US and Asian demand for cheese and powders puts downward pressure on dairy commodity prices, while constrained EU and NZ supply offers partial support. The net outlook leans bearish for milk-based commodities.
en.edairynews.comDamián MoraisSep 4, 2022Not 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.
