Period: October 15 – 26, 2018
New Zealand
+5.8% milk production
Jun-Sep 2018 y-o-y
In Oceania, recent Butter sales have been robust, leaving lower supplies available. That has boosted prices upward. EU pricing is also pulling Oceania prices up.
More medium-term WMP demand than expected
SMP prices are slightly weaker than previous prices, but this is minor price adjustments. Cheddar Cheese prices are also decreasing.
New Zealand exports in the first 9 months of 2018 are positive for Butter (+12%), sold mainly to China, but negative for SMP, WMP, Cheese and Cream.
Australia exports, in the first 8 months of 2018, increased for Butter, WMP and Cheese, and decreased for SMP and Cream.
CLAL.it – Oceania: Butter export
– 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
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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.
