Falling dairy prices are a double-edged sword that benefits consumers and manufacturers, but pinches farmers’ margins and threatens additional challenges later in the year, cautioned Mike McCully, independent dairy consultant for The McCully Group, shared...
Canadian dairy giant Saputo has said that it expects a ‘meaningful earnings improvement’ in 2023 and was bullish on the consumer outlook in dairy across core markets, despite some analysts warning of a possible demand slow-down.
Rabobank said that global commodity markets have seen the fourth consecutive quarter of declining milk production – but predicted that we have reached the ‘peak’ of milk powder prices.
A dryer, hotter summer in Europe and a ‘poor finish’ to the New Zealand season is likely to mean dairy commodity supplies remain under pressure, Maxum Foods forecasts.
US retail giant Walmart has signalled that it wants suppliers to ‘do more’ to protect its price leadership in categories like dairy, where it sees US shoppers trading down to private label and buying less.