Dairy Q2: Optimism in the midst of chaos

Tightening milk supply, reduced stocks, and price stability continue to be the key themes permeating across global dairy markets, according to Rabobank’s Dairy Quarterly Q2 2019 report. Not surprisingly, milk powder prices performed well in Q1 2019, posting year-on-year increases of over 30% on the back of lower milk supply and falling stocks. In contrast, the fat complex was more broadly stable. Inventory levels have improved “Looking forward, global supply and demand fundamentals will cont