by Freshagenda | Apr 21, 2021 | Global, Volume trends
EU-27 supplies fell 0.2% YOY leap-year adjusted in February, based on 25 member countries having reported milk production data to Eurostat (Sweden and Luxembourg not included). The near flat result was driven by an 8.1% YOY increase in Ireland and 6.3% YOY rise in...
by Freshagenda | Apr 21, 2021 | Global, Volume trends
SMP exports fell 5.3% YOY in February 2021 to 66,809t, which was a six-month high. This followed a 1.3% YOY decline in January. There were mixed trends across major destinations in February, with a 2.8% YOY increase in sales to SE Asia not enough to offset negative...
by Freshagenda | Apr 21, 2021 | GDT, Global
The GDT index slipped just 0.1% as this event saw little change but AMF being the worst affected by pushback against high prices. SMP slipped by US$2/t to average US$3,365/t, with the biggest fall in C5 and an US$80/t lift in C6. The Fonterra MH C2 product posted a...
by Freshagenda | Apr 14, 2021 | Global, Volume trends
Based on 51% reported average Eurostat milk production, leap-year adjusted EU-27 supplies rose 1% YOY in February. This expansion was the result of stronger supplies in Ireland (+8.1% YOY) and Italy (+6.3% YOY), and despite negative trends in Netherlands (-1.9% YOY),...
by Freshagenda | Apr 14, 2021 | Global, Volume trends
US dairy exports were surprisingly high in February, accounting for 17.5% of national milk supply, which was a 9-month high. This was despite the well-known issues with logistics and shipping delays. Dairy export value rose 7% YOY to US$565.5m while in MSE terms...
by Freshagenda | Apr 7, 2021 | Forecast, Global
The European Commission’s (EC) Spring 2021 Short-term outlook projects EU-27 milk deliveries to increase 1% YOY this year to 146.8bn kg, the result of a 2% YOY increase in average yield per cow and despite a 0.9% YOY contraction in dairy cow numbers. The growth in...
