Research
Global Dairy Markets Covid-19 Update, 11 May 2020
After a few years of bleak margins, the prospect of sustained positive margins was on the horizon until Covid-19 brought the global economy to a near standstill,...
Report summary
“The magnitude and duration of the impact on dairy markets varies by country, product mix, and level of foodservice and export dependence,” according to Rabobank’s global dairy strategist Mary Ledman. In the US, a contraction of 3% to 7% in milk deliveries is warranted in 2H 2020, in order to restore balance to supply and demand, says Ledman.
Covid-19 has consumers returning to dairy basics, and it is reversing slower growth or negative growth in categories like fluid milk and processed cheese.
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