Middle East conflict underscores dairy’s early-season risk warnings

About 20% of global oil and gas flows through the Strait of Hormuz. (Image: Getty)

Wed, 25 Jun 2025

The conflict that has played out in the Middle East in recent days is part of the geopolitical risks flagged by dairy companies less than a month ago.While it's unlikely to move global demand, it's adding uncertainty to global shipping routes.When the country’s processors released their opening forecasts at the end of last month, the general consensus was that prices would remain firm; however, the geopolitical environment cast a shadow.Varied outcomesThat was why Fonterra Co-operative Group opened with a wide range between $8/kgM...

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