Period: March 23 – April 3, 2015
AUSTRALIA
- Milk production: Dairy Australia reports that February 2015 milk production in Australia was 2.8% above February 2014. Expectations for full season growth in milk production of 2% are voiced.
- Weather situation: weather has been favorable to milk production in most dairy regions.
NEW ZEALAND: informations about production of milk and weather are not available for this period.
MILK PRODUCTION
- New Zealand *: +2.48% (Jun 14-Feb 15 vs. Jun 13-Feb 14)
- Australia *: +2.75% (Jul 14-Feb 15 vs. Jul 13-Feb 14)
BUTTER (82%): prices moved lower; there is less pressure to acquire butter short term now; awareness of anticipated increased butter availability from the US in the near future and current EU butter availability are also influencing markets.
CHEDDAR CHEESE: quiet market, prices unchanged; sales are moving slowly, primarily to existing customers; as the end of the milk production season nears and milk production seasonally declines, many processors believe there are better options for using milk than making cheese.
SMP: prices declined; the overall market tone is bearish; discounts are offered to big volume buyers; as the end of the milk production season nears, lower seasonal milk supplies are more likely to be made into SMP than other products.
WMP: prices moved lower; many participants describe market conditions as “bearish”; pressure from EU WMP supplies as an alternative source is mentioned.
Oceania feels the pressure of the increased supply of dairy products from the European Union, where the milk quota system has just ended.
Global Dairy Trade (Fonterra auction) prices decreased, and participants describe the milk powders market conditions as “bearish“.
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
More informations about milk production in New Zealand and Australia are available on CLAL.it
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