Dairy Commodities Report: Q3 2025

Pricing, Production & Trade Trends

Dairy remains a cornerstone of agricultural economies in New Zealand, Australia, U.S. and Europe.

In 2024, the dairy market faced a series of complex challenges that tested its resilience and adaptability. Geopolitical tensions, climate-related disruptions, evolving trade policies, disease outbreaks, and shifting consumer preferences placed pressure on producers and processors alike. Additionally, inflation and global supply chain disruptions impacted trade flows and pricing stability, while increased scrutiny around animal welfare further complicated market dynamics.

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