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Latest Australian Update
Zero tolerance for Code violations
The Australian Competition and Consumer Commission (ACCC) has warned processors they are at greater risk of enforcement action for breaches as the grace period for the Code is over. ACCC deputy chair Mick Keogh said processors have had enough time to learn what their...
BoM declares La Niña
The Australian Bureau of Meteorology (BoM) has declared a La Niña event with the wettest spring in 10 years set to continue into summer. Tropical weather and significant rainfall are expected across eastern, northern and central parts of Australia during summer with...
Australian milk production to recover next year
A new USDA GAIN report projects Australian milk production will increase 1.1% YOY in 2022 to 9.1bn kg, the result of a 0.7% expansion in cow numbers and a 0.4% lift in average yields per cow. This would follow a 1.1% decline in 2021 affected by wet winter conditions...
Latest Global Update
Milk production down 0.5% in October
Milk production declined 0.5% in October according to the USDA. The contraction was the first since May 2020 and followed a revised flat result for September. The overall decline in October was a result of a 0.3% YOY fall in average yields per cow and a 0.1% drop in...
China’s October WMP imports decline
Chinese WMP imports fell 10.5% YOY for the month to 33,064t and are up 38% for the year to date, reflecting relatively high stocks and smaller participation on GDT as NZ-origin product average CIF shipped prices were flat at US$4,307/t. The October contraction...
EU milk growth to remain near flat
A new USDA GAIN report projects EU-27 milk production to increase by 0.2% YOY in both 2021 and 2022. The small projected gains in supplies are due to improved average yields as cow numbers are expected to continue to decline – down 1% this year with an additional fall...
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