Australia’s butter and cheese imports are up 43% and 21% year-on-year, respectively. Photo: Cor Salverius Fotografie
The global dairy market is transitioning to the next phase of the cycle. “There is growing evidence that the bottom in the dairy commodity markets has been reached and the general trend is for prices to move higher through 2024,” according to Rabobank in a new global dairy report. As 2023 drew to a close, the global dairy market continued to walk a tightrope of limited new milk and sluggish demand, senior dairy analyst Michael Harvey of Rabobank says. “Looking back on 2023, it’s a sto
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