Dairy Farmers In New Zealand And Around The Globe Will Need To Manage Through More Financial Pain In The Months Ahead

Dairy farmers in New Zealand and around the globe will need to manage through more financial pain in the months ahead, according to Rabobank’s latest Global Dairy Quarterly report. But the report says the storm won’t last forever. The report, titled Progressing Past the Pain, Rabobank says a myriad of factors has converged to drive the longed-for dairy demand recovery in China – even further into the future. Rabobank senior agricultural analyst, Emma Higgins says we are now seeing Chinese milk production begin to slow, and this will continue in the remainder of 2023 and into 2024. She also says Mexico offers a ray of optimism for the months ahead and several factors make a demand-led resurgence in global dairy markets in the months ahead a growing possibility.