by Freshagenda | May 22, 2025 | GDT, Global
The price index fell 0.9% at GDT #380 in what was a mostly negative result for NZ product values. AMF was the only commodity that posted average gains, while EU products echoed firmer fat, SMP and cheese prices in line with recent wider market trends. WMP regular...
by Freshagenda | May 22, 2025 | Global, Volume trends
Milk production rose 1.5% in April, reflecting a 1% increase in cow numbers and 0.5% increase in average per-cow yield. April cow numbers were up 5,000 head from March, with the USDA revising the prior month’s number up by 16,000. Californian milk production continued...
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 8, 2025 | GDT, Global
GDT #379 delivered a 4.6% price index increase. Despite the uncertainty facing the global economy, particularly trade in the Asian region suppliers showed up to secure product at the smallest offering of the season. WMP regular product lifted almost 9% to US$4,470/t,...
by Freshagenda | May 8, 2025 | Global, Volume trends
Australia’s March exports declined 7.8% YOY in milk solids equivalent terms (MSE), led by falls in milk powders, cheese, butter and dry whey. March cheese exports fell 2.5% YOY, with reduced shipments to Japan and SE Asia accounting for most of the decline. Cheese...
