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AgroReview's quarterly review finds global dairy prices fell in Q4 2025 on oversupply, with Oceania butter down 24% from early-year peaks. Argentina faces margin pressure and China's milk price decline is driving industry consolidation.
Expanding milk supply and falling dry dairy product prices weaken demand for dairy and protein feed ingredients, with further price pressure expected in Q2 2026.
Not 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.