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.
GDT delivers 2% rise
Event #345 delivered an overall positive result with a 2% rise in the index. At 29,559t it was the lowest offering since July, despite a new product - mozzarella from Solarec. WMP prices rose 2.5% on average to US$3,104/t with greater interest from SE Asian buyers....
US cheese output marginally higher in October
US cheese production rose 0.8% YOY in October according to the USDA, compared to an estimated 0.3% decline in “manufacturing milk” availability. American cheese output fell 0.3% YOY for the month (with a 2.5% decline for cheddar) while “other cheese” (including...
Pure Dairy invest $100m in conversion facility
Melbourne-based Pure Dairy, a supplier of US cheese to the Australian food sector, has announced a $100m investment to build a dairy conversion facility in Dandenong near Melbourne. The facility is scheduled to open in early 2024, creating 450 new jobs and is...
DA: Milk production steady
Australian milk production is likely to remain steady for 2023/24 according Dairy Australia (DA). Despite El Niño conditions drying out some regions, but DA point to reduced cow culling and live heifer exports as supportive of milk production. Season to date...
ACCC approves dairy factories sales
The Australian Competition and Consumer Commission (ACCC) has approved Saputo’s sale of two factories—one in Victoria and one in NSW—to Coles after considering the effect of the proposed acquisition on raw milk markets in NSW, Victoria and South Australia. ACCC found...
Pulse: WMP prices
Average WMP prices lifted slightly at Pulse event #38 to US$2,979/t, edging up 0.1% from GDT #344 and 0.8% higher than Pulse event #37. Meanwhile, medium heat SMP prices fell to US$2,515/t, down 1.2% from GDT event #344 and US$70/t lower than the previous Pulse event....
German milk supplies tank
German milk supplies fell for the 5th consecutive time in week 46 (ending 18 November 2023) - down 2.2% YOY. UK supplies declined 2.9% YOY in that same week. French milk production was down 4.7% YOY in week 46, as supplies have fallen sharply since the last week of...
NZ October milk output lifts
October milk production rose 0.9% YOY on a solids basis but was down 0.3% on a volume basis, according to DCANZ. Season-to-date (June to October) production is tracking 0.6% ahead of the prior year. October marks peak production in New Zealand and while monthly output...
Beston progress report
Beston Global Food Company’s has released an ASX announcement stating it has successfully expanded its lactoferrin capacity, with a third column commissioned and fully operational. Beston expects lactoferrin sales to exceed 10t in the first half of 2024. Beston has...
Retail sales flat, but food higher
Retail trade was down 0.2% on the prior month in October, but 1.2% ahead YOY on a seasonally adjusted basis according to the Australian Bureau of Statistics. Food retailing rose 0.5% in October from the month prior and was 3% higher YOY. Turnover for cafes,...
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