Period: August 7 – 18, 2017
Increasing discontent is developing among Australian dairy Producers as to what pay price they receive for milkfats. The increase in global prices for butter, many feel, has not reached Australian dairy producers. A particular objection is that current pricing favors protein content, even subsidizing protein at the expense of fats. Owners of Jersey herds in particular, are increasingly vocal about the need to reconsider the relationship between protein and fat in milk pricing.
Wet weather in New Zealand during recent weeks has slowed the seasonal advance of milk production, further driving near term butter price increases.
Lots of rain and flooding have left pastures in poor condition. However it is still early enough that these unfavorable conditions can be overcome.
The SMP intervention stocks in Europe continue to hang over Oceania markets. Bankers in Oceania view SMP markets in the region remaining weak, but generally stable, in coming months.
See all the information
in the new webpage dedicated
to Oceania dairy market
on CLAL.it >
– Dairy season: July, 1st – June, 30th (Australia), June, 1st – May, 31st (New Zealand);
– Source: USDA summarized by the CLAL Team
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