Market Updates – Domestic & Global
This page contains latest global and domestic market updates that are relevant to the value of milk in the Australian dairy industry. These also appear in separate updates on this site under Domestic Market Updates and Global Market Updates.
EU-27 February milk down 0.2%
EU-27 supplies fell 0.2% YOY leap-year adjusted in February, based on 25 member countries having reported milk production data to Eurostat (Sweden and Luxembourg not included). The near flat result was driven by an 8.1% YOY increase in Ireland and 6.3% YOY rise in...
EU-27 SMP exports weaker at the start of the year
SMP exports fell 5.3% YOY in February 2021 to 66,809t, which was a six-month high. This followed a 1.3% YOY decline in January. There were mixed trends across major destinations in February, with a 2.8% YOY increase in sales to SE Asia not enough to offset negative...
Another quiet GDT
The GDT index slipped just 0.1% as this event saw little change but AMF being the worst affected by pushback against high prices. SMP slipped by US$2/t to average US$3,365/t, with the biggest fall in C5 and an US$80/t lift in C6. The Fonterra MH C2 product posted a...
Keytone sales lift
Australia-New Zealand-based Keytone Dairy recorded substantial growth in the 12 months to 31 March 2021, with statutory revenue lifting 125% to $50.7m. Sales lifted for all Keytone divisions, with statutory sales in Australian contract manufacturing lifting 109% to...
Biggest floods on record
A special report from the Bureau of Meteorology reveals that the New South Wales coast experienced its wettest week ever during last month’s floods with 81,000GL of rain falling in the state. Flooding reached record heights on the Mid North Coast and the...
EU February milk supply figures mixed
Based on 51% reported average Eurostat milk production, leap-year adjusted EU-27 supplies rose 1% YOY in February. This expansion was the result of stronger supplies in Ireland (+8.1% YOY) and Italy (+6.3% YOY), and despite negative trends in Netherlands (-1.9% YOY),...
US February exports stronger than expected
US dairy exports were surprisingly high in February, accounting for 17.5% of national milk supply, which was a 9-month high. This was despite the well-known issues with logistics and shipping delays. Dairy export value rose 7% YOY to US$565.5m while in MSE terms...
Beston lifts lactoferrin production
South Australia-based Beston Global Food’s lactoferrin factory in Jervois will begin using new equipment in a few weeks, lifting annual lactoferrin capacity from 3t to 25t. In the first stage of commissioning Beston produced lactoferrin with a purity of more than 95%,...
Rain: It’s complicated
After La Niña downpours through March and April, large parts of Australia have seen rainfall deficiencies significantly reduced. However, it seems La Niña rain has missed a lot of south-east Queensland, affecting dairy farmers in the region. In the latest drought...
Milk Exchange opens trading for 2021/22
The Milk Exchange’s next trading event on 21 April will enable milk suppliers to sell new season milk, giving suppliers the opportunity to set a reserve price for their milk and designating a validity period for the offer. Milk Exchange general manager commercial...
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