UBS: Dairy inflation stabilised in Jan

UBS: Dairy inflation stabilised in Jan

Australian dairy prices are stabilising but remain significantly higher than year ago comparatives according to UBS’s latest update to its Evidence Lab proprietary Food and Beverage weekly price tracking. Dairy prices tracked 17% ahead of prior year in January, with...
UBS: Dairy inflation stabilised in Jan

Fonterra Australia steps up

Fonterra Australia has lifted its farmgate milk price by 15c per kgMS, averaging $9.55kgMS with payment to be made 15 February, comprising 13c/kg of butterfat and 18c/kg of protein. Fonterra’s Global Dairy Update indicates local milk intake is down 2.8% for the six...
UBS: Dairy inflation stabilised in Jan

Coles raise farmgate prices

Coles has offered dairy farmers price increases for signing longer-term contracts to maintain supply for its private label milk and to keep consumer prices steady until 2025. Coles wrote to farmers earlier this week offering to pay up to 20c more per kg of milksolids...
Food prices accelerated in December quarter

Food prices accelerated in December quarter

Food prices at the two major supermarket chains climbed an average 9.2% in the December quarter, accelerating from 8.2% in the September according to UBS research. Of the 60,000 items UBS tracks food inflation was steepest in the fresh category, led by dairy and meat....
UBS: Dairy inflation stabilised in Jan

Australian price detached from NZ fundamentals

Our commodity milk value (CMV) based on weekly NZX-reported spot quotes fell again last week to $7.37/kgMS and has lost 19% since the start of October as dairy product prices have retreated and the Australian dollar climbed to US$0.6792. A comparison of the effective...
UBS: Dairy inflation stabilised in Jan

ADFC steps up

Australian Dairy Farmers Corporation (ADFC) has stepped up its farmgate milk price from 1 July, paying an average of $9.90kgMS to ADFC suppliers across the 2022/23 financial year. ADFC suppliers will receive $9.50kgMS between July and December, and $10.30kgMS to be...