by Freshagenda | Jul 13, 2022 | Forecast, Global
In its July WASDE report, the USDA milk production forecast for 2022 was lowered by 0.1% points from the previous month, reflecting lower average growth in milk per cow. Milk output is now expected to be down 0.1% YOY at 102.5bn kgs in 2022 after a 1.3% YOY lift in...
by Freshagenda | Jul 6, 2022 | Forecast, Global
Milk supply is projected to grow 23% over the next decade according to the Food and Agriculture Organisation (FAO). Per capita dairy consumption is expected to increase 0.4% annually to 21.9kg milk solids equivalent by 2031. The share of fresh dairy products which are...
by Freshagenda | Jun 22, 2022 | Forecast, Global
Fonterra announced it has added 8,000t of SMP and 3,785t of butter to its 12-month offer volume forecast, adding the volumes to auctions between July and November due to product mix optimisation and strong market demand. With the adjustment to SMP offer volumes, there...
by Freshagenda | Jun 15, 2022 | Forecast, Global
In its June WASDE report, the USDA milk production forecast for 2022 was lowered by 0.2% points from the previous month, reflecting lower average growth in per cow yield. Milk output is now expected to be flat YOY at 102.7bn kgs in 2022 after a 1.3% YOY lift in 2021....
by Freshagenda | May 18, 2022 | Forecast, Global
In its May WASDE report, the USDA milk production forecast for 2022 was increased by 0.2% from the previous month, reflecting a larger dairy herd more than offsetting lower average milk per cow. Milk output is now expected to grow 0.2% YOY to 102.8bn kgs in 2022 after...
by Freshagenda | Mar 2, 2022 | Forecast, Global
Fonterra New Zealand lifted its farmgate milk price forecast range for 2021/22 to NZ$9.30kgMS – NZ$9.90kgMS, up from NZ$8.90kgMS – NZ$9.50kgMS, lifting the midpoint by NZ40c. Fonterra CEO Miles Hurrell said the lift in the forecast reflects continued increases in WMP...
