Period: September 16 – 27, 2019
Milk production in Australia depends on weather and water. There is some evidence of cows being moved from northern regions to southern regions with less need for irrigation. Milk pay prices are at a level that seems to be encouraging some producers in areas with less need to purchase water and feed.
New Zealand+0.8% milk production August 2019
Dairy commodities prices
The prices of dairy commodities in Oceania increased, with the exception of Cheddar Cheese, for which production is higher than expected.
Buyer interest is very active for WMP, SMP and Butter
Also prices for SMP are higher. Manufacturing volumes remain lower than they are expected to be in coming months. Furthermore, some Buyers have specific preferences for sourcing in Oceania.
WMP prices are stronger and are expected to remain in a generally steady range. Buyers are making deals and manufacturers are happy to close deals.
- 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