No end to EU price hikes?

No end to EU price hikes?

Official EU prices have lifted for 13 consecutive weeks with butter prices in all three major markets remaining above €5,000/t. In Germany butter rose €50/t €5,350/t, while Dutch butter rose €120/t to €5,340/t and French butter was on par with the week prior, selling...
GDT surges on bullish sentiment

GDT surges on bullish sentiment

The continuing bullish settings in the world market that have changed little in recent weeks converted into the biggest lift in the GDT index of 4.3% since March this year. SMP jumped 6.6% on average to US$3,627/t across all products with consistent changes across...
NIWA moves to La Niña alert

NIWA moves to La Niña alert

A progression toward La Niña conditions occurred in the equatorial Pacific during October and NIWA has moved to La Niña Alert. Temperatures are very likely to be above average across Aotearoa New Zealand (65% chance) with a period of particularly warm conditions from...
No end to EU price hikes?

New Zealand September milk drops

DCANZ reported New Zealand milk production dropped 4.0% YOY in milksolids terms in September and was down 4.4% in volume terms. Cold, wet weather, and low light levels slowed pasture growth. NZX dairy analyst Stu Davison said that both energy levels of pasture and dry...
No end to EU price hikes?

Milk production up 0.2% in September

Milk production expanded 0.2% in September according to the USDA. The increase was the smallest in 16 months and followed a revised 0.6% YOY growth in August. Cow numbers were massively revised – the national milking herd declined again in August, down 25,000...
Global trade declined again in August

Global trade declined again in August

Analysis from our Global Dairy Directions platform indicates global trade in milk solids equivalents (MSE) terms fell 0.8% YOY in August, the second consecutive monthly contraction. However, trade for the quarter was still 0.5% ahead YOY, despite high prior-year...