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Rabobank's senior agricultural analyst says the macro-economic influences on the dairy sector are now far more uncertain than was the case last season. With global dairy production growth set to remain constrained and a "fog of uncertainty" clouding the demand outlook, Rabobank has announced a farmgate milk price forecast of $9.00kg/MS for the 2022/23 dairy season. In its recently-released New Zealand Dairy Seasonal Outlook report, Rabobank says seismic global events – including the war in Ukraine and ongoing Covid-19 lockdowns in China – continue to reverberate in dairy markets across the globe, providing a challenging backdrop for milk price forecasts covering the new dairy season. See omnystudio.com/listener for privacy information. |