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Rabobank’s Dairy Quarterly Q2 2012

29 June 2012| Viewed 2217 times

Rabobank’s Dairy Quarterly Q2 2012


Dairy Quarterly Q2 2012 - "A Slow Squeeze is Coming"

Key points:
- Dairy commodity prices fell through April and May before a small rally in June.

- Prices were pushed down by exceptional supply growth in export regions.

- A small ‘realisation’ rally followed in June.

- Supply growth is expected to lose momentum through 2H 2012.

- Demand will remain lacklustre in the face of a weak global economy.

- The market looks most likely headed for stable pricing through Q3, yielding to a slow squeeze in Q4, with the price recovery gaining legs in early 2013.


Download Rabobank’s Dairy Quarterly Q2 2012