Another moderate fall on GDT

Another moderate fall on GDT

This week’s event delivered the expected moderate losses across milk powders that had been anticipated in SGX futures markets and the weaker sentiment in the northern hemisphere. The index fell 5%. Demand for all major commodities was weak – SMP near the lowest seen...
EU bakes

EU bakes

Five countries have declared states of emergency or issued red alerts as temperatures broke records across northern Europe. The deadly heatwave spreading across Europe is breaking temperature records, fuelling wildfires and disrupting transportation, and is without...
Global dairy trade down in May

Global dairy trade down in May

Analysis from Freshagenda’s Global Dairy Directions platform indicates global trade fell 3.6% relative to the prior year comparative in May in milk solids equivalent (MSE) terms. That result followed a near-flat result in April, bringing trade over the last...
Global dairy trade down in May

French supplies still falling

According to the most recent data, French milk production fell 2.4% YOY in week 26 this year (ending 3 July 2022), the 14th consecutive weekly contraction. German supply rose 0.3% YOY in week 25 however, reflecting a weak prior year comparable and is expected to...
USDA lowers milk growth forecast

USDA lowers milk growth forecast

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...