Period: April 15 – 26, 2019
Limited supplies of new season hay are available in Northern and Southern Australia. More expensive hay is still being transported from other regions. Government subsidies remain available to help producers through this difficult period.
-8.2% milk production
March 2018 yoy
Dairy commodities prices
Oceania SMP and WMP average prices are steady to lower and are expected to remain relatively steady in coming months.
Oceania Butter prices moved higher and remains lower than in Western Europe. Less butter is being made late in the season and demand remains active.
Also Cheddar prices firmed, thanks to a good profitability of making Cheddar and a strong demand. Spot market availability is tight and that is contributing to price firming.
– 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