March milk output surged

March milk output surged

New Zealand milk production jumped 8.7% YOY in March on a milksolids basis and 9.8% on a volume basis, according to DCANZ. On a milksolids basis, March production takes season to date production 1.6% ahead of the season prior and 4.7% ahead of the 5-year...
March milk output surged

EU-27 February milk down 0.2%

EU-27 supplies fell 0.2% YOY leap-year adjusted in February, based on 25 member countries having reported milk production data to Eurostat (Sweden and Luxembourg not included). The near flat result was driven by an 8.1% YOY increase in Ireland and 6.3% YOY rise in...
Another quiet GDT

Another quiet GDT

The GDT index slipped just 0.1% as this event saw little change but AMF being the worst affected by pushback against high prices. SMP slipped by US$2/t to average US$3,365/t, with the biggest fall in C5 and an US$80/t lift in C6. The Fonterra MH C2 product posted a...
March milk output surged

EU February milk supply figures mixed

Based on 51% reported average Eurostat milk production, leap-year adjusted EU-27 supplies rose 1% YOY in February. This expansion was the result of stronger supplies in Ireland (+8.1% YOY) and Italy (+6.3% YOY), and despite negative trends in Netherlands (-1.9% YOY),...