
Global Dairy Commodity Update June 2023
The outlook for market fundamentals is gradually improving beyond the short-term at a macro level as global milk supplies slow. Milk production in both the
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The outlook for market fundamentals is gradually improving beyond the short-term at a macro level as global milk supplies slow. Milk production in both the

The outlook for market fundamentals is improving but there are some short-term headwinds to get through before we see some lift in product values. The

Short-term fundamentals remain but should improve later in the year as global trade recovers and milk production slows. The largest dampener on the market remains

Market sentiment improved significantly in February. However, there was little apparent change in the short-term fundamentals and our outlook in terms of projected values has

Market sentiment has weakened in the global market but there has been little change in short-term fundamentals. While demand has pushed back against high product

Market fundamentals in the outlook remain complex with many moving parts over the next two quarters. Milk supply growth in major (top 5) exporting producers