Period: August 21 – September 1, 2017
Recently improved milk production in Australia is driving some projections of growth for this season of 2% – 3%. Additional factors which underlie the projection are higher farmgate milk prices and weather holding good.
There is some confidence that these factors can override some potential mitigating factors:
- herd reduction during recent rough periods for the farmers,
- continuing debt obligations and
- some firming of grain prices.
Most larger volume buyers of Butter are not in urgent need to restock, and upper Butter price range prices decreased because of their resistance.
At this time, Oceania Cheddar stocks, production and sales seem in general balance.
Oceania SMP prices weakened slightly, following the expectations of higher milk supplies in the new season.
Today’s GDT auction change in price index was +0.3%.
See all the information
in the new webpage dedicated
to Oceania dairy market
on CLAL.it >
CLAL.it – Milk production in Australia
– Dairy season: July, 1st – June, 30th (Australia), June, 1st – May, 31st (New Zealand);
– Source: USDA summarized by the CLAL Team
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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.
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