The bumpy ride out of COVID continues

The bumpy ride out of COVID continues

According to Freshagenda’s latest Global Dairy Directions (GDD) outlook, fundamentals of dairy markets have improved. Further slowing of global milk output, as the EU takes longer to crawl out of winter, are tightening SMP and butterfat availability. Feed...
The bumpy ride out of COVID continues

EU-27 milk to grow 1% in 2021

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...
The bumpy ride out of COVID continues

Rabobank sees tight times remaining

Challenging trade logistics are leading to a scramble for product, adding to commodity price divergence through the first half of 2021, according to Rabobank’s Q1 Global Dairy Quarterly. While container availability concerns are contributing to a rush on Oceania...
COVID in retreat?

COVID in retreat?

According to our latest Global Dairy Directions (GDD) outlook the gradual re-opening of foodservice outlets is within sight and will be a major influence on dairy markets in Q2 and beyond. Meanwhile, European and Oceania markets continued to improve in February with...
COVID in retreat?

USDA projects lower milk prices next year

In its November WASDE report, the USDA milk production forecast for 2020 was raised from last month on higher dairy cow numbers. Milk output is now expected to increase 1.97% YOY to 101bn kgs in 2020. Milk production is projected to increase by a further 1.62% YOY in...
The bumpy ride out of COVID continues

Markets relatively calm

Freshagenda’s latest Global Dairy Directions (GDD) outlook highlights that apart from the inevitable heavy correction in US cheese markets, global dairy markets remain relatively calm, as increased growth in milk supplies was matched by improved consumer demand...