EU: Spot Prices Pause, But Pressure Is On

EU: Spot Prices Pause, But Pressure Is On

Spot milk prices in key producing regions have moved sideways in recent weeks following a precipitous fall in value. German spot milk prices have been hovering the mid-30c range for several week, while the Dutch price rebounded from the high 20s last week after...
EU: Spot Prices Pause, But Pressure Is On

EU Butter, Cheese Prices Fall

The sharp correction in the European butter market continued this week, with strong milk production growth and a counter-seasonal decline in spot milk prices. Cream multiples are at their lowest on record for this time of the year, and spot cream is cheaper than...
EU: Spot Prices Pause, But Pressure Is On

Dairy Prices Decline

The FAO food price index rose 1.6% to 130.1 with prices increase for meat and vegetable oils offsetting declining dairy prices. The FAO dairy price index fell 0.1% in July, from the prior month to 155.3 points—21.5% higher YOY. The marginal fall is the first since...
EU: Spot Prices Pause, But Pressure Is On

Fonterra NZ Opens at NZ$10kgMS

New Zealand’s largest dairy cooperative is forecasting a milk price of NZ$10kgMS—both for the opening 2025/26 season price and the full 2024/25 season. The 2025/26 forecast milk price is a wide range, NZ$9.00kgMS—NZ$11.00kgMS. Announcing the opening price, CEO Miles...
EU: Spot Prices Pause, But Pressure Is On

Fonterra Lifts Earnings Guidance

Fonterra has lifted its FY25 guidance to 55c—75C per share, up from 40c—60c per share and confirmed a payout midpoint of NZ$10kgMS for the current season. CEO Miles Hurrell said the upgrade in guidance is due to the strength of Fonterra’s core ingredient business and...
EU: Spot Prices Pause, But Pressure Is On

Fonterra NZ Lifts Milk Price, Confirms Guidance

Fonterra has raised the midpoint of its forecast milk price for 2024/25 to NZ$10kgMS, with a range of NZ$9.50kgMS—NZ$10.50kgMS, reflecting continued strength in the global dairy market.  CEO Miles Hurrell said Chinese demand recovery and ongoing strong demand from...