Rabobank report: Participants in the dairy value chain are being "squeezed"
Greater year-on-year milk production growth has emerged in 2023 in the key export regions, compared to 2022’s low levels, report adds.
Participants all along the dairy value chain are being "squeezed," according to a new report from Rabobank.
Producers’ milk prices have tumbled from 2022’s lofty levels while feed prices are at record highs. Processors and dairy cooperatives entered the year discounting expensive inventory made with high-priced milk. Meanwhile, higher inflation and rising interest rates are pressuring consumers toward more frugal purchasing behavior.