Yili to take over Westland [News Oceania n°13/2019]

Period: June 24 – July 5, 2019

Australia-7.7% milk production
Jul 18 – May 19

Australia milk production, in the month of May 2019, decreased by 13.6% compared to the same month of the previous year. The overall trend of the season, negative in all the States of Australia with the exception of Tasmania, marks -7.7% for the period July 2018 – May 2019.

In New Zealand, the milk production season (June 1 – May 30) ended with an increase of +2.2%. The volumes of May 2019 recorded a slight decrease (-0.1%).

Westland Milk Products farmer shareholders have voted strongly in favour of sale to Chinese company Yili Industrial Group. A group of dairy producers has asked the government to delay closing the sale until the producers are paid.

Dairy commodities prices

Butter prices in Oceania are weaker. Buyer interest for current needs is sluggish, as most Buyers are amply stocked. While early season milk production is increasing slowly, low Butter production is destined for markets in Australia and New Zealand rather than export.

Cheddar average prices are also weaker, due to low buying interest.

New season WMP production will increase quickly

Average prices for WMP in Oceania strengthened and contracting for coming months is ongoing. New season WMP production has begun and will be increasing quickly.

Also SMP prices firmed. Enough Buyers are in the current market to nudge prices higher.

- 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

Oceania - WMP price

Oceania – WMP price

TwitterLinkedInFacebook... 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.

Posted in News Oceania EN, Oceania_