Global dairy markets stable, Oceania butter price rise

Global markets are expected to maintain a stable balance with prices likely to hold steady at current levels until China’s import volumes show significant improvement, according to Rabobank. China’s import volumes for 2024 have shown a decline compared to the previous year – a trend not unexpected, notes Rabobank in its Australia agribusiness monthly report. Butter In June, the spot price of Oceania butter reached a historic peak, exceeding US$7,000 per tonne FOB for the f