by Freshagenda | Mar 28, 2024 | GDT, Global
The latest Pulse event saw both WMP and SMP prices ease. Regular WMP sold for US$3,060/t lost 1.1% from the GDT event #352 last week and was down 3% from the previous Pulse auction. Instant WMP settled at US$3,155/t. Meanwhile, medium heat SMP prices settled at...
by Freshagenda | Mar 28, 2024 | Global, Volume trends
EU27 -milk production declined 0.9% YOY in January, based on complete Eurostat and AGEA data. This follows a 0.7% YOY fall in December. January production declined 2% YOY in Germany, France was 0.3% lower. Irish production continues to be affected by wet weather, with...
by Freshagenda | Mar 21, 2024 | GDT, Global
The price index fell 2.8% at this week’s GDT auction #352 on a reduced offering. Weakness in SMP markets was reflected in the 4.6% decline in SMP price to average US$2,517/t, a 6-month low. Chinese buyers took their lowest tonnage since May last year. WMP prices lost...
by Freshagenda | Mar 21, 2024 | Global, Volume trends
US milk production fell 1.3% YOY in February according to the USDA, mostly reflecting a continuing decline in the dairy herd. In YOY terms, February average yield per cow was down 0.4% YOY while cow numbers were down 0.9%. At 9.330m, February cow numbers were up...
by Freshagenda | Mar 21, 2024 | Global, Prices
Fonterra New Zealand has released interim results for FY2024 reporting net profit after tax jumped 23% to NZ$674m, driven by increased EBIT (+11%) and a dip in financing costs, down 43%. Fonterra reported a drop in earnings of NZ$383m for its Ingredients category...
by Freshagenda | Mar 14, 2024 | GDT, Global
Regular grade WMP fell to US$3,155/t at this week’s GDT Pulse event, down 2% compared to GDT auction #351 and 2.3% behind the previous Pulse result. The March 2024 SGX-NZX WMP futures contract settled at US$3,180/t– just US$25/t higher than the achieved C2 regular WMP...
