NZ exports mixed in June

NZ exports mixed in June

New Zealand exports of major dairy products were mixed in June, with positive trends for milk powders, cheese, butter and dry whey, but negative trends in other smaller categories including AMF, IMF, lactose, MPC, milk & cream and FFMP & Mixtures. WMP exports...
NZ exports mixed in June

US milk production up 2.9% in June

Milk production expanded 2.9% in June according to the USDA. That followed 4.7% YOY growth in May. The milking herd finally declined, by just 1,000 head compared to the prior month to 9,508m. While down on the multi-decade high reached in May this was still 153,000...
NZ exports mixed in June

NZ: Small lift in June production

New Zealand’s milk production lifted 1.6% YOY in June on a milksolids basis and 1.8% YOY on a tonnage basis in what is the seasonally lowest month of production. June production remains 19.3% ahead of the 5-year average for New...
NZ exports mixed in June

EU May milk improving

EU-27 supplies rose 2.3% YOY in May, based on 25 reporting countries accounting for 98% of average output (excluding Sweden and Luxemburg). Italy accounted for 37% of the total reported growth in May, having increased 10.6% YOY but on a low comparable. Ireland and...
GDT: the slide continues

GDT: the slide continues

The result in GDT #288 was another mostly negative outcome, the index dropping 2.9% for the 7th consecutive fall since the first event of April. This was however an eagerly awaited after the large reductions announced last week in WMP offerings over coming months. SMP...
Fonterra flags changes to capital structure

Fonterra flags changes to capital structure

Fonterra released a statement announcing the changes to the preferred option it is currently considering to its capital structure. Fonterra chairman Peter McBride said the Board believed that changes made as early as possible would put the cooperative in the best...