# Dairy outlook 2023: stand by for volatility to continue | BusinessDesk

> Fonterra lowered the top end of its milk-price forecast and Synlait cut its forecast to $9/kgMS on weaker worldwide demand. Analysts expect Oceania milk output to fall in 2023, with Australian output down about 4%.

- Date: 2023-01-05 · published 2023-01-05T12:00:00.000Z
- Category: macro · region Oceania · magnitude low
- Page: https://feedsoft.ai/events/5547-dairy-outlook-2023-stand-by-for-volatility-to-continue-businessdesk
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Expected Oceania production declines and softer Chinese demand as lockdowns ease could support dairy prices, but weak fundamentals keep the outlook volatile. The net price effect on feed demand is modest.

## Read by commodity

- MILK: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2023-03-01 | [The economic state of U.S. dairy: 2023 will differ from 2022 \| Ag Proud](https://feedsoft.ai/events/36862-the-economic-state-of-u-s-dairy-2023-will-differ-from-2022-ag-proud.md) | -0.8% | +1.1% |
| MILK | 2026-04-09 | [U.S. dairy market structure shifts to short on protein, long on butterfat, by: Corey Geiger - Dairy Producer](https://feedsoft.ai/events/19717-u-s-dairy-market-structure-shifts-to-short-on-protein-long-on-butterfat-by.md) | -1.4% | -0.4% |
| MILK | 2026-08-31 | [Kiwi braces for RBNZ decision, Aussie tries to steady after setback - Markets - Business Recorder](https://feedsoft.ai/events/18150-kiwi-braces-for-rbnz-decision-aussie-tries-to-steady-after-setback-markets.md) | -2.9% | -3.3% |
| MILK | 2022-04-18 | [High costs expected to stress dairy margins \| Capital Press](https://feedsoft.ai/events/42001-high-costs-expected-to-stress-dairy-margins-capital-press.md) | -0.0% | +2.6% |
| MILK | 2019-04-15 | [The Canadian Dollar Outlook Dims after BoC Survey Points to Trouble Ahead](https://feedsoft.ai/events/59821-the-canadian-dollar-outlook-dims-after-boc-survey-points-to-trouble-ahead.md) | 0.0% | +2.4% |

## Sources

- businessdesk.co.nz: https://www.businessdesk.co.nz/primary-sector/dairy-outlook-2023-stand-by-for-volatility-to-continue/UZQECMITFZIV7C3J2U62NJVBOE/

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