News Oceania n°10/2014

Period: April 28 – May 09, 2014; Source: USDA

AUSTRALIA

• Milk production: it has benefited from some rains which have improved pastures and crops conditions.
• Weather forecast: indications that an El Niño could be on the way for the coming months, increase the probability of drought conditions
• Milk producers have been benefiting of good margins

NEW ZEALAND

• Milk production: is transitioning from maintaining  or maximizing current production levels
• Weather forecast: recent storms caused flooding on almost all Island
• Milk producers: many milk producers are drying off cows at increasing rate, others are moving cattle to alternative grazing sites, feeding grain supplements to improve conditioning prior to the next season

MILK PRODUCTION

• New Zealand *: +6,37 % (Jun 13 – Feb 14 vs. Jun 12 – Feb 13)
• Australia *: -1,36 % (Jul 13 – Mar 14 vs. Jul 12 – Mar 13)

BUTTER (82%): unchanged prices, but lower at international level; increased export interest from Middle East and Russia; supplies adequate to needs with some excess available for spot interest; AMF supplies are tight and export interest is light.

CHEDDAR CHEESE: low prices; production is declining but those available is geared to filling export and domestic commitments; limited availability for the spot market.

SMP: prices declined, but not as sharply as two weeks ago; steady production; supplies in balance with needs for the next season, with some additional product destined to the spot market; some manufacturers are minimizing uncommitted stocks at the close of the financial year.

WMP: prices declined so buyer interest increased; stocks are adequate to cover future commitments; production seems to be concluded.

Note: · Assessments about market trend are expressed in US$;
· * Dairy season: July, 1st – June, 30th (Australia), June, 1st – May, 31st (New Zealand).

CLAL.it – Comparison among the Butter Prices in Oceania, USA and Germany

... share

About Alessandra Bignardi

Degree in Economics with focus in Marketing and Sales, she belongs to the CLAL.it Team. 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 Italian and international market trends.