Prices Lift on Pulse

Prices Lift on Pulse

Regular grade WMP prices rose at this week’s GDT Pulse event with prices up 0.6% against GDT event #353 and 5.1% ahead of the previous Pulse event at US$3,215/t. Instant WMP settled at US$3,310/t, taking the weighted average WMP price  to US$3,280/t. Futures settled...
Prices Lift on Pulse

Australian Exports Continue to Grow

Australian exports were up 5% for the season to February in milk solid equivalent terms. The increase was led by increased shipments of cheese, milk powders, butter and dry whey.      Exports were ahead in the month of February across most dairy products except milk...
Review Calls for Mandatory Supermarket Code

Review Calls for Mandatory Supermarket Code

An interim report recommending a mandatory code of conduct for supermarkets with hefty financial penalties for breaches has been delivered to the Australian Government.       The review recommended current voluntary guidelines be made into legally-binding obligations....
Review Calls for Mandatory Supermarket Code

Consumer Sentiment Stays Negative

After rising sharply earlier this year, consumer sentiment is falling, recording its second consecutive fall in April. The Westpac-Melbourne Institute consumer sentiment index declined 2.4% points from the prior month to 82.4 in April. It’s the longest time the index...
Review Calls for Mandatory Supermarket Code

Lactalis to close Echuca site

Lactalis will close its Echuca factory, putting more than 70 jobs at risk. However the French-owned company will invest $85m over the next three years in its other Victorian sites. A detailed review of operations led to a plan for one regional hub in the state, and...