World: The 10-year cycle of milk price pressure is coming to an end

Recent market research by RaboResearch forecasts a rise in milk supply from major exporting regions in the second half of 2024, with this trend expected to persist into 2025. This marks the first time since 2020 that all major milk zones have seen growth. This upturn is attributed to improved margins for dairy farms due to higher milk prices and favorable feed costs. Despite global dairy demand being mixed due to economic and geopolitical issues, China is making strides in balancing its stocks, with a predicted 1.5% decrease in milk production in 2025.