Rabobank: NZ milk price drops, but improvements expected

While drops in the GlobalDairyTrade auction prices in July and early August were “truly awful” for New Zealand dairy farmers, the recent collapse in dairy prices does not equate to long-term structural market change in the sector, says agri banking specialist Rabobank. In a new report ‘Dairy Industry Note – Riding out the storm’, Rabobank says, while the dairy sector is currently experiencing a severe cyclical downturn, the mechanisms that will turn the market arou