Global Dairy Market Unveiled
Presenting a concise overview of the Dairy industry’s market sentiment during the first half of 2023. This report also provides an insightful outlook for the second half of the year. Stay informed about the industry’s trends and make informed decisions for the future.
What to expect from the report
Besides reporting on past trends, this guide offers you an outlook into potential future price fluctuations, supply and demand trends, including the biggest fundamental supply side indicator of the market: the global milk production.
Here’s what happened in H1 2023 so far:
- The global dairy market saw a buyer’s market trend.
- Demand weakened as product availability increased leading to an average drop in dairy commodity prices of over 30% YOY
- Buyers were cautious due to lower consumption of dairy-containing end-products, resulting in limited interest for immediate purchases.
- However, producers were encouraged to boost production due to low production costs resulting from high farm-gate milk prices.
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Related resources
The Dairy Buyer's Guide
The Sugar Buyer's Guide
Vegetable Oils Buyer's Guide
Global Dairy Market Outlook 2024
Global Vegetable Oil Market Outlook 2024
Global Vegetable Oils End of Year Report 2023
Global Sugar End of Year Report 2023
Global Dairy Market End of Year Report 2023
5 Tactics for FMCG Procurement Mangers in 2024
How to Prepare for the 2024/25 European Sugar Campaign
What is Vesper?
Vesper, vespertool.com, is a commodity intelligence platform that transforms difficult-to-understand data into easy-to-digest intelligence and actionable insights, enabling users to back their decisions with facts. The insights provided by our market analysts in this report are backed-up by Vesper’s real-time and difficult to find data.
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