Food & Agribusiness
From dairy farmers and traders to processors, our clients rely on our financial expertise and in-depth knowledge all along the global dairy value chain.
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Based on current market fundamentals, Rabobank believes that New Zealand dairy farmers will finally emerge out of the woods in the 2017/18 season. Desirable trading conditions, combined with a forecast farmgate milk price of NZD 6.25/kgMS, bring the prospect of a consecutive season of profitability (and, with it, confidence).
There is hesitation in the global dairy market as the outlook for currency changes, production levels, and stocks fuels short-term volatility.
The trade in dairy products has suffered a number of massive blows in the last three years. The Russian trade embargo, the slowing of demand growth from China, the impact of low oil prices on demand from oil exporting countries and the strengthening of the US dollar have all had an impact on the demand for imports. The expansion of production surrounding the removal of production quotas in Europe added to the pain and resulted in a period of extremely low world prices.
Milk supply from dairy export regions has fallen sharply, by 2.6m tonnes in 2H...
The latest annual Rabobank survey of the world’s largest dairy companies...