The dairy sector is in uncharted territory and is expected to experience three waves of market movement over the next 12 months. Those waves include panic-buying, then muted retail demand and greater logistical challenges, and, finally, longer-term loss of consumer purchasing power, according to the latest update on global dairy markets from RaboResearch, part of global financial services company Rabobank.
“Rabobank has revised its dairy market forecasts based on the rapidly changing post-COVID-19 supply and demand conditions,” said Mary Ledman – RaboResearch global dairy strategist. “The magnitude of adjustments reflects each region’s product mix, sales channel, and export exposure. These are unprecedented times which are leading to unprecedented support packages at both the country and national level.”