Period: November 13 – 24, 2017
Australia
+6.68% milk production
Oct 2017 y-o-y
Australian milk production July-October 2017 increased by +2.72% y-o-y. October milk production was 1.05 million tons (+6.68% from October 2016). Murray Goulburn takeover by Canadian company Saputo move closer to completion and the sale is now awaiting regulatory review.
Milk production in New Zealand increased by +0.93% in the period June-October 2017 compared to the same period of the previous year. Improved New Zealand weather conditions during the second half of October supported the milk production in the peak month (+2.7%).
Following the fall in average Butter prices (-5.9%) at the November 21 GDT event, and the increased New Zealand milk production during October, Butter prices in Oceania weakened and remain below EU pricing.
The situation is similar for WMP, whose prices are slightly lower. This is, in part, a response to the most recent GDT event (-2.7%) and to the higher milk production in New Zealand.
Oceania SMP prices slightly weakened. This weakness is global for SMP. Stringer exports of SMP can do little considering the volumes of SMP stocks being held in the EU.
Oceania Cheddar cheese prices weakened, following the current general trend for Oceania dairy products. This price dip is not considered more than a trading range variation. Confidence remains in the general staying power of cheese markets in Oceania.
See all the information
in the new webpage dedicated
to Oceania dairy market
on CLAL.it >
CLAL.it – Production of cow’s milk in Oceania
- 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
... share
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.
