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.
NZ exports mixed in June
New Zealand exports of major dairy products were mixed in June, with positive trends for milk powders, cheese, butter and dry whey, but negative trends in other smaller categories including AMF, IMF, lactose, MPC, milk & cream and FFMP & Mixtures. WMP exports...
US milk production up 2.9% in June
Milk production expanded 2.9% in June according to the USDA. That followed 4.7% YOY growth in May. The milking herd finally declined, by just 1,000 head compared to the prior month to 9,508m. While down on the multi-decade high reached in May this was still 153,000...
Lactalis to supply Woolies in WA
Lactalis Australia has won new contracts to process and package Woolworths’s milk in Western Australia for the next five years, commencing 1 January 2022. Lactalis takes over from Brownes Dairy who held the Woolworths contracts since July 2014. The Woolies contract is...
Code violation: ACCC takes Lactalis to court
The Australian Competition and Consumer Commission (ACCC) has initiated federal court proceedings against Lactalis for alleged breaches of the Dairy Code. ACCC alleges Lactalis breached several provisions of the Code and by doing so, weakened the bargaining power of...
NZ: Small lift in June production
New Zealand's milk production lifted 1.6% YOY in June on a milksolids basis and 1.8% YOY on a tonnage basis in what is the seasonally lowest month of production. June production remains 19.3% ahead of the 5-year average for New Zealand.
EU May milk improving
EU-27 supplies rose 2.3% YOY in May, based on 25 reporting countries accounting for 98% of average output (excluding Sweden and Luxemburg). Italy accounted for 37% of the total reported growth in May, having increased 10.6% YOY but on a low comparable. Ireland and...
GDT: the slide continues
The result in GDT #288 was another mostly negative outcome, the index dropping 2.9% for the 7th consecutive fall since the first event of April. This was however an eagerly awaited after the large reductions announced last week in WMP offerings over coming months. SMP...
Fonterra flags changes to capital structure
Fonterra released a statement announcing the changes to the preferred option it is currently considering to its capital structure. Fonterra chairman Peter McBride said the Board believed that changes made as early as possible would put the cooperative in the best...
DA project links productivity and profit
Dairy Australia (DA) has commissioned a research project aimed at improving the understanding of dairy farm productivity and its relationship to profitability. Agricultural economists from Marsden Jacobs Associates and other organisations will explore the change in...
Global trade continued to grow in May
Freshagenda's latest Global Dairy Directions (GDD) Trade Insights Monthly report shows MSE terms global trade rose 4.8% YOY in May, bringing shipments in the last quarter 7.5% ahead of the comparable. The overall expansion in May was driven by stronger shipments of...
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