A study by Rabobank forecasts a slight global increase in milk prices in 2024 due to production issues in China, as global supply is believed to be exhausted and facing restrictions from additional regulations, climatic volatility, and labor costs. Despite lower purchases from China in 2024, global demand is expected to remain stable in 2025. Brazil's ability to compete in global markets is highlighted, given its expensive milk prices. An article by the Argentine Dairy Chain Observatory (OCLA) further discusses the variations in the price paid to producers in different countries between 2023 and 2024.