Global Market Updates

Milk from Australian dairy farms are made into products that are sold locally and in countries around the world. Understanding what is happening in all these markets will provide an insight to important trends that strongly influence Southern Region farmgate milk prices. Keep up to date with the latest global dairy market developments

US exports robust in April

US exports robust in April

April US exports increased across every product category we track in YOY terms, led by cheese with a 51% expansion (up 13,687t) relative to the same month last year. Most of the growth was in South Korea and Mexico, but also with healthy gains in Central and South...

read more
US exports robust in April

Australian exports improving

Australian cheese exports rose 1.9% to 130,769t in the ten months to April, including a 34% increase in shipments to China & HK. Butter and AMF exports rose 133% and 77% respectively. Combined fat exports (in commercial butter equivalent) were up 113.3% for the...

read more
Floods clean up underway in South Island

Floods clean up underway in South Island

New Zealand farmers and growers have started the clean up after the one in 100 years event that flooded Canterbury in the South Island a week ago. The New Zealand Government has activated its Enhanced Taskforce Green along with NZ$500,000 to help with the clean-up....

read more
Floods clean up underway in South Island

Sth Island flooding

The Canterbury region has been hit by floods with a state of emergency issued for the region and Civil Defence warning of ongoing dangerous river conditions and further flooding. Residents across Canterbury districts are being evacuated with emergency alerts to be...

read more
US exports robust in April

EU milk growth improves

There were mixed YOY trends among major producing countries in April, but with an aggregate 1.5% YOY expansion for the month. This is based on data for roughly a third of average EU-27 milk production reported to Eurostat. Milk growth in Ireland and Poland for April...

read more
GDT index falls: butter slides almost 5%

GDT index falls: butter slides almost 5%

There were falls across average prices for commodities which took the index 0.9% lower. The result was more positive on a like-for-like basis in regular product once some variations in form and origin are taken into account. SMP fell by $32/t to average US$3,415/t,...

read more
Fonterra announces 2021/22 range

Fonterra announces 2021/22 range

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 per...

read more
US exports robust in April

NZ milk collections up 11% in April

April milk production jumped 11.6% YOY on a milk solids basis and 11.7% YOY on a milk tonnage basis according to the latest data from DCANZ. April output is 8.4% ahead of the 5-year monthly average and season to date production was 2.4% ahead of the season prior. The...

read more
GDT index falls: butter slides almost 5%

GDT: fats a little weaker

GDT event #284 was quiet but for the continued weakening of butter prices, but changes this time were much smaller than the plunge at the previous event. The index lost just 0.2%. Chinese buying again dominated the results for milk powders with demand remaining higher...

read more