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Global Dairy Quarterly Q3 2023: Progressing Past the Pain

Global Dairy Quarterly Q3 2023: Progressing Past the Pain - Dairy News 7X7

Rabobank lowers its 2023 milk production forecast. Milk production from the Big 7 export regions is anticipated to grow by 0.3% YOY in 2023. The downgrade from last quarter’s estimate of 0.5% is driven by reductions in most key global regions, including the US, EU, and New Zealand. Into 2024, output is expected to climb […]

Rabobank forecasts decline in demand for dairy products

Rabobank forecasts decline in demand for dairy products - Dairy News 7X7

Rabobank’s response to “Are we there yet?,” referring to peak milk powder prices, is yes. It appears that global milk powder prices peaked during 1H 2022. While milk production is in the middle of a significant slowdown, set to last at least four consecutive quarters (from Q3 2021 to Q2 2022), weakening demand expectations are […]

Ukraine-Russia conflict: Multi-layered impacts on dairy

Ukraine-Russia conflict: Multi-layered impacts on dairy - Dairy News 7X7

The impacts of the Ukraine-Russia conflict on the global dairy markets are multi-layered, Rabobank says in a recent report. “Higher feed and fertiliser prices will only serve to limit milk supply growth in an already tight market.” According to the Rabobank report, there will be some impact in Australia as a result of the tightened […]

FAO and Rabobank join hands for sustainability and inclusion in Indian dairy sector

FAO and Rabobank join hands for sustainability and inclusion in Indian dairy sector - Dairy News 7X7

The Food and Agriculture Organization of the United Nations (FAO) has signed a new partnership agreement with Rabobank. The purpose of this agreement is to help targeted rural communities benefit from more inclusive and sustainable food systems. It also envisages jointly exploring the use of innovative financial instruments to bridge financing gaps in emerging markets […]