Period: January 22 – February 2, 2018
Australia
+2.96% milk production
July-December 2017 y-o-y
Fonterra announced a dairy processing plant expansion in Australia with an upgrade of the milk processing plants across Victoria and Tasmania, in a move to increase capacity and meet unique demand opportunities for dairy.
Milk production in Australia in December 2017 was 2.45% higher than in December 2016 and in the first half of the dairy season (July-December) milk production increased by +2.96% compared to the same period of 2016.
The New Zealand Drought Monitor is a system for keeping track of drought conditions across New Zealand based on a standardised climate index
Drought continues in New Zealand, where many areas have been hitting record high temperatures for January. Minister of Agriculture and Rural Communities Damien O’Connor has declared drought in the whole of Southland and Otago Queenstown Lakes, Central Otago and Clutha districts. Many farmers have been unable to grow sufficient feed for winter, and have been using stored feed and buying supplements for stock, as well as selling off animals.
SMP and WMP prices in Oceania are steady, but expected to strengthen in coming weeks. During the three week gap between GDT events, markets were cautious.
Butter prices in Oceania increased slightly. Some buyers and most manufacturers expect that prices may strengthen, due to the dry conditions in New Zealand. Cheddar prices have also grown and are unlikely to decline in coming weeks.
Production of cow’s milk in Australia and New Zealand
- 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.
