by Freshagenda | Nov 29, 2023 | GDT, Global
Average WMP prices lifted slightly at Pulse event #38 to US$2,979/t, edging up 0.1% from GDT #344 and 0.8% higher than Pulse event #37. Meanwhile, medium heat SMP prices fell to US$2,515/t, down 1.2% from GDT event #344 and US$70/t lower than the previous Pulse event....
by Freshagenda | Nov 29, 2023 | Global, Volume trends
German milk supplies fell for the 5th consecutive time in week 46 (ending 18 November 2023) – down 2.2% YOY. UK supplies declined 2.9% YOY in that same week. French milk production was down 4.7% YOY in week 46, as supplies have fallen sharply since the last week...
by Freshagenda | Nov 29, 2023 | Global, Volume trends
October milk production rose 0.9% YOY on a solids basis but was down 0.3% on a volume basis, according to DCANZ. Season-to-date (June to October) production is tracking 0.6% ahead of the prior year. October marks peak production in New Zealand and while monthly output...
by Freshagenda | Nov 22, 2023 | Global, Volume trends
Trends in EU-27 exports were mixed in September, with increases for fats, dry whey and WMP, and falls for SMP and cheese. In MSE terms, exports rose 2% YOY in September, a 7-month low. At 63,188t, SMP exports were down 0.4% YOY, despite growing shipments into SE Asia...
by Freshagenda | Nov 22, 2023 | GDT, Global
GDT event #344 yielded a flat index but the weight of the small gains in WMP drove that outcome to offset weaker NZ SMP prices and an ugly result in cheddar. SMP dropped 3.7% on average to US$2,622/t but the detail within that result wasn’t great for Oceania product,...
by Freshagenda | Nov 22, 2023 | Australia, Weather
There are indications the current El Niño phase could be one of the strongest on record with unprecedented global temperatures in 2024 as a result. Comparisons of the most recent 17 events indicate the 2023 edition was the sixth strongest to October based on the Niño...
