# Rabobank predicts tighter supplies in 2018 - Dairy Industries International

> Rabobank says growth in global milk supply accelerated in Q3 2017, pressuring dairy commodity prices across export regions. Butterfat has eased toward US$4,500 per tonne and skim milk powder remains depressed after the European intervention scheme closed. Rabobank expects supply growth to continue into 2018, with easing prices and supply-containment efforts constraining it.

- Date: 2018-01-02 · published 2018-01-02T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/66985-rabobank-predicts-tighter-supplies-in-2018-dairy-industries-international
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Heavy global milk supply and weak powder prices reduce the value of dairy ingredients and point to softer dairy prices into 2018. Lower milk prices can also lower dairy producers' feed purchasing power.

## Read by commodity

- MILK: bearish ▼

## Sources

- dairyindustries.com: https://www.dairyindustries.com/news/22939/rabobank-predicts-tighter-supplies-2018/

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