Period: November 10 – 21, 2014
AUSTRALIA
- Milk production: is mixed coming off the seasonal peak.
- Weather situation: some regions have accelerated declines in milk production due to persistent dry weather.
- Milk producers: hay quality is above average in most areas. However, yields and supplies were not fully realized, and hay prices for this season are expected to be above year ago levels.
NEW ZEALAND
- Milk production: above year ago levels.
- Weather situation: cold weather in the southern portion of the South Island has restricted production gains.
- Milk producers: pasture growth is very good, while farmgate prices are below year ago levels. Producers may refrain from supplemental feeding this season, make milk for as long as pastures allow and then dry off cows earlier.
MILK PRODUCTION
- New Zealand *: +5,20% (Jun-Sep 14 vs. Jun-Sep 13)
- Australia *: +2,82% (Jul-Sep 14 vs. Jul-Sep 13)
BUTTER (82%): prices increased on the low end of the range; very active butter production in New Zealand, but less so in Australia, due to increased cheese production and good domestic demand for fresh cream products; demand is mixed, but good interest is coming from the Middle East; some exports have made their way to Russia.
CHEDDAR CHEESE: prices unchanged; cheese production is strong, while supplies of cheddar are fairly tight in Australia as mozzarella and hard cheese production are pulling some milk volumes away from cheddar; export demand is fairly good with plenty of product available out of New Zealand.
SMP: prices decreased: global supplies far exceed demand and are weighing on market prices; production very active; demand is fairly good, coming from China, Southeast Asia and the Middle East.
WMP: prices decreased; better returns for SMP, butter and cheddar have reduced milk volumes going to WMP production; light export with most transactions moving through existing contracts.
Australia and China have agreed to a Free Trade Agreement. The FTA will gradually remove all tariffs on Australian dairy products. The agreement may allow Australian dairy products to be more competitive with New Zealand’s products and may increase Oceania’s share in the China market.
Note: · 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
CLAL.it – China: main supplying countries of Cheese
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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.
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