The bumpy ride out of COVID continues

The bumpy ride out of COVID continues

According to Freshagenda’s latest Global Dairy Directions (GDD) outlook, fundamentals of dairy markets have improved. Further slowing of global milk output, as the EU takes longer to crawl out of winter, are tightening SMP and butterfat availability. Feed...
Irish milk up 13.5% in March

Irish milk up 13.5% in March

EU-27 member countries are reporting mixed milk production trends with March Eurostat data only partially available. Irish supplies were better-than-expected, up 13.5% YOY to 848m kg. Polish output was also stronger relative to the same month of 2020, up 1.7% YOY....
GDT: The cure for high prices….

GDT: The cure for high prices….

There was a bit more of interest in the detail of this event, with the index slipping just 0.7% for the 3rd dip in 4 events as high prices corrected. The hammering for fat prices was overdue and expected with a higher volume offered at this event. SMP lifted by...
Irish milk up 13.5% in March

Fonterra NZ output rose in March

Fonterra milk intake lifted 7.9% YOY in March with a hike in North Island intake making up for a dip in South Island collections, helped along by warmer temperatures and late February rains. North Island collections jumped 17.7% YOY for the month, taking the season to...
BoM finds some more rain!

BoM finds some more rain!

According to the latest Climate and Water Outlook from the Bureau of Meteorology (BoM) climate drivers and outlooks have returned to neutral after heavy rains across eastern Australia continue to flow into waterways. Below average rainfall has resulted in drier soil...