Period: September 3 – 14, 2018
After recent very hot and dry conditions, rains arrived in Australia, not so pervasive as to significantly interfere with hay cutting. Spring has arrived.
New Zealand dairy producers and processors expect an increase in milk production
Butter prices in Oceania are weaker. Butter production is increasing seasonally and much current production is committed. Once milk volumes reach peak levels, more butter may become available for spor market buyers.
Also WMP prices in Oceania are lower. Oceania WMP is typically a mainstay of profits for regional dairy processing. There are regular ongoing customers and contracts to be satisfied.
The SMP market is slightly increasing. Oceania SMP Production is seasonally active, but return tend to favor WMP and this is reflected in milk allocations to drying plants. SMP volumes into the near future are typically committed under contracts. Little Oceania SMP is easily found on spot markets.
Average Cheddar Cheese prices in Oceania are higher. Oceania cheese production is seasonally light, but building. Milk at this time of the season generally flows to other dairy products as a higher priority.
CLAL.it – Oceania WMP and SMP prices
CLAL.it – WMP price in Oceania and Germany
– 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.
