In its Q1 Global Dairy Quarterly report, the specialist agribusiness bank says overall global dairy prices have shown tentative signs of recovery in recent months, with consecutive increases seen in Global Dairy Trade (GDT) auctions lifting sentiment in the sector. However, the report, by the bank’s RaboResearch division, notes that global dairy markets continue to be well supplied, with strong milk production growth across all the world’s major dairy-exporting regions, except Australia. This global supply growth has been supported by relatively low livestock feed prices, which have encouraged production and kept milk supply levels elevated worldwide, RaboResearch says. Abundant global supplyAbundant global milk supply had led to a pronounced impact on global dairy prices in the final quarter of 2025, the report said, with the prices of a number of dairy products – including fats, whole milk powder, skimmed milk power, cheese and whey – declining. OutlookLooking ahead, RaboResearch expects global dairy markets to gradually tighten as farm margins come under pressure and supply growth cools across the major exporting regions.

Source: Stuff March 09, 2026 23:15 UTC