Loading…
Rabobank's Global Dairy Quarterly expects global milk production growth to slow in 2021 to about 2.7 billion litres of milk equivalent from 4.5 billion in 2020. The EU and South America are forecast to see the largest slowdowns, while commodity prices remain at elevated levels after a recent rally.
Slowing milk supply growth outside the seasonal peak supports firmer global dairy prices, which tightens the supply of dairy ingredients for feed buyers.
dairyglobal.netRené GroeneveldDec 21, 2020After 237 past bullish report events, Milk (Class III) moved a median +0.0% over 5 sessions (51% higher; middle half -0.3% to +0.6%), and +1.2% over 20.
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.
