by Freshagenda | Oct 13, 2021 | Global, Prices
The UN Food and Agriculture Organisation’s (FAO) food price index hit a ten-year high at 130.0 points in September, up 1.2% from August and 32.8% higher than in September 2020. According to the FAO, tightening supply and robust demand for staples such as wheat and...
by Freshagenda | Oct 13, 2021 | Global, Prices
Estimated EU milk output rose 2.1% YOY in August, a 3-month high. This estimate is based on 15 member countries that have published August data on Eurostat, jointly accounting for 45% of average monthly EU-27 deliveries. Stronger output in Ireland (+5.4%), Poland...
by Freshagenda | Aug 18, 2021 | Global, Prices
After falling to as low as US$2,883/t, cheese barrel prices have recovered, with latest CME quotes at US$3,263/t. CME cheese blocks have also rebounded to US$3,946/t, with the blocks-to-barrels spread back to where it was on August the 10th (US$683/t). According to...
by Freshagenda | Aug 4, 2021 | Global, Prices
Recent commodity prices for SMP and butter continue to trend lower. Since the start of June, butter prices have corrected, with German butter selling for €3,900/t, down €100/t since the beginning of July. Butter from the Netherlands was priced at €3,750/t last week,...
by Freshagenda | Jul 14, 2021 | Global, Prices
CME cheese prices rebounded since last week, driven by more export orders and lower local supplies driven by a shortage of 640lb product containers. Both factors have more than offset weaker retail demand. This week on CME, cheese block and barrel prices lifted to...
by Freshagenda | May 26, 2021 | Global, Prices
Fonterra announced an opening forecast Farmgate Milk Price for the 2021/22 season with a huge range of $7.25 – $8.75 per kgMS, a midpoint of $8 per kgMS. It narrowed its 2020/21 forecast Farmgate Milk Price range, which reduces the midpoint by 5 cents to $7.55...
