GDT Price Index Falls 0.9%

GDT Price Index Falls 0.9%

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...
Milk Production Up 1.5% In April

Milk Production Up 1.5% In April

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...
GDT Price Index Falls 0.9%

Pulse Prices Declines

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...
Milk Production Up 1.5% In April

More Chinese Manufacturing Milk In March

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...
GDT Price Index Falls 0.9%

GDT Delivers Stunning Result

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,...
Milk Production Up 1.5% In April

Australian Exports Down in March

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...