Global milk supply growth slows to 1.4% as China turns from drag to demand support, Rabobank says

18 Sept 2026
Global milk supply growth slows to 1.4% as China turns from drag to demand support, Rabobank says

Output across the major exporting regions is forecast to grow just 0.5% in the second half, with feed, fertiliser and freight costs squeezing farm margins.

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