Period: April 6 – 17, 2015
AUSTRALIA
- Milk production: increases, leaded by the weather.
- Weather situation: favorable to milk production in most dairy regions.
NEW ZEALAND
- Milk production: February milk production was 1.86 million Tons, -5.7% if compared to February 2014 and +5.5 if compared to February 2013.
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 at the bottom of the range; New Zealand prices are weaker than in Australia.
CHEDDAR CHEESE: prices moved slightly lower at the top of the range; very quiet market; with the end of the production season near, most stocks are committed and moving to customers; available milk is tending to flow into other products.
SMP: prices declined; some manufacturers have more offerings than comfortably stocked customers seem interested in.
WMP: prices are weaker; competitive pricing from the EU continues to be a factor; not many buyers are looking to cover needs.
Demand for Australian dairy products from traditional large Asian customers has become sluggish due to what is perceived as a slowing of China’s economy. Carryover inventories for many processors are said to be weighing on markets as well.
SMP price competition among US, Europe and Oceania
CLA.it – Oceania: fortnightly prices of SMP
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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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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