Global dairy demand in 2023 was weaker than expected, but there were some pockets where demand was better than forecast.

The Economist magazine says the biggest economic story of 2023 is happening now. 

If recession is looming/already here, how will headwinds impact the dairy industry? 

China’s dairy market is getting more competitive. Consumers, however, prefer imported dairy products over domestic ones, due to the lack of confidence and price advantages, according to the analysts at CCM, data & business intelligence.