by Freshagenda | May 15, 2025 | GDT, Global
Regular grade WMP and medium heat SMP prices fell at this week’s Pulse compared to last week’s GDT #379. Regular grade WMP settled at US$4,335/t, declining 3% from GDT #379 but 3.3% above prices achieved at the prior Pulse event. The nearest SGX-NZX futures contract...
by Freshagenda | May 15, 2025 | Global, Volume trends
Chinese milk production declined 2.9% YOY in March – the 10th successive monthly contraction, according to the latest China Dairy Monthly Report. Liquid milk consumption fell 10.1% YOY for the month, implying a 14% increase in “manufacturing milk”. Weekly milk prices...
by Freshagenda | May 15, 2025 | Australia, News
The Westpac-Melbourne Institute consumer sentiment index rose 2.2% in May to 92.1. While the index is 12% higher YOY, a reading below 100 indicates pessimists still outnumber optimists. All but one of the five subindices improved from April to May, but still sit...
by Freshagenda | May 15, 2025 | Australia, News
Seeding is underway but confidence is mixed according to Bendigo Bank’s Cropping Update. Queensland, northern NSW and southern WA are tracking well with good soil moisture and strong sowing progress. In contrast, SA is critically dry and confidence is slipping on the...
by Freshagenda | May 15, 2025 | Australia, Prices
Young cattle prices are dropping as producers in drought-hit areas offload cattle rather than feed through winter. Most cattle market categories have reported sharp declines in prices. Agents anticipate the flood of supplies in the south will continue for at least...
