
Rabobank Q2 2026: milk production slows, margins under input cost pressure
Global milk production is slowing after four consecutive quarters of above-2% growth. As Rabobank reports in its Global Dairy Quarterly Q2 2026, the market is moving toward rebalancing — but geopolitical risks and price volatility complicate the outlook. Output growth peaked at 5.2% in Q4 2025. In Q2 2026, supplies


