Period: November 14 – 25, 2016
AUSTRALIA
- Milk production: in October 2016 has been -11.39% below October 2015.
- Weather situation: weather conditions generally began to dry, following a wet early spring.
- Milk producers: hay conditions have been favorably impacted by the dry conditions, but overall hay trading has been limited: many dairy producers continue to use stocks on hand or home grown stocks.
NEW ZEALAND
- Milk production: in October 2016 has been -5.45% below October 2015.
- Milk producers: Synlait and Fonterra raised the estimated milk price to 6.00 New Zealand dollars per kilogram of milk solids (approximately 4€/kg of milk solids).
MILK PRODUCTION
- Australia *: -10.29% (Jul – Oct 16 vs. Jul – Oct 15)
- New Zealand *: -2.44% (Jun – Oct 16 vs. Jun – Oct 15)
BUTTER (82%): prices slightly higher at the bottom of the range. Demand remains strong while lower regional milk production constrains production.
CHEDDAR CHEESE: prices are steady. Buying interest is readily accommodated by stocks. Markets are balanced.
SMP: prices slightly higher at the bottom of the range. Manufacturers and customers in the region are watching the impact of plans in the EU to sell intervention stocks into the market.
WMP: prices are higher at the bottom of the price range but firm at the top. There is slow current activity.
There are no reports of production plants being affected by the earthquakes that recently hit New Zealand. A number of dairy sheds were damaged, as well as road and bridges, and earthquakes knocked out electricity near the affected area. However, expectations are that the impact will not deter the ability to meet production targets of large dairy processors.
CLAL.it – WMP prices in Oceania, Germany and the United States
Note: · Assessments about market trend are expressed in US$; · * Dairy season: July, 1st – June, 30th (Australia), June, 1st – May, 31st (New Zealand).
Source: USDA summarized by the CLAL Team
More informations about milk production in New Zealand and Australia are available on CLAL.it
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The CLAL.it team is composed of young people who with the help of Computer Science study the dairy market and develop tools to provide the Operators of the dairy sector with a comprehensive real-time view of the national and international market trends.
[…] Synlait and Fonterra raised the estimated milk price to 6.00 New Zealand dollars per kilogram of milk solids (approximately 4€/kg of milk solids). […]