Widespread declines in milk production across all Australian dairy regions

Updated June 14 2022 - 5:15am, first published June 13 2022 - 8:00am
Structural issues could limit a rebound in global milk production growth. Photo: Shutterstock/Alena Demidyuk

While global milk production is set to have decreased for at least four consecutive quarters - from quarter three in 2021 to the current quarter two in 2022 - expectations of weakening demand are creating a scenario for moderate price declines in dairy commodities during the second half of 2022, Rabobank said in its latest global Dairy Quarterly report.

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