New Zealand: milk production higher than expected [News Oceania n°15/2016]

Period: July 11 – 22, 2016

AUSTRALIA

• Milk production: during May was 5.5% below May 2015.
• Milk producers: lingering multi-year dryness and low milk prices have led to herd reductions.

NEW ZEALAND

• Weather situation: has turned cooler, with rain and wind. The rain may be helpful in terms of replenishing water reserves in some areas that had been dry.
• Milk producers: are feeling more positive this milk production season. Many are finding that production outputs are better than they had been expecting.

MILK PRODUCTION

• Australia *: -1.46% (Jul 15 – May 16 vs. Jul 14 – May 15, provisional data)
• New Zealand *: unchanged (Jun 16 vs. Jun 15)

BUTTER (82%): prices decreased: this weakness was unanticipated by a number of observers. Buying interest also declined following recent active additions to inventories by some buyers.

CHEDDAR CHEESE: prices decreased slightly at the top of the range. Current buying interest was slow.

SMP: prices unchanged, with little market activity: most regular customers are believed to have decent inventories.

WMP: prices increased slightly at the bottom of the range.

Demand of Butter, Cheese and SMP from Oceania declined: most regular customers are believed to have decent inventories.

In the January – May 2016 period, China was New Zealand’s first importer of Butter, Cheese and SMP, and third importer of WMP.

CLAL.it – New Zealand: dairy export by product

CLAL.it – New Zealand: total dairy export in milk equivalent, by destination area

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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About CLAL Team

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.