China: lower duty rates, more dairy import (January 2017)
25/02/2017
Shorter cream supplies in South America [News South America n°3/2017]
10/03/2017Fonterra revised its milk production forecast [News Oceania n°4/2017]
Period: February 20 – March 3 , 2017 AUSTRALIA Milk production: Murray Goulburn, one of the largest dairy processors in Australia, continues to register financial losses in the period Jul – Dec 2016, […]
Period: February 20 – March 3 , 2017
AUSTRALIA
- Milk production: Murray Goulburn, one of the largest dairy processors in Australia, continues to register financial losses in the period Jul – Dec 2016, when milk supplies decreased over 20%.
NEW ZEALAND
- Milk producers: Fonterra revised its milk production forecast for the current season (which ends May 31) from -7% to -5% compared to the previous dairy season. The milk price forecast issued last November for the current production year was reaffirmed.
MILK PRODUCTION
- Australia *: -8.55% (Jul – Dec 16 vs. Jul – Dec 15)
- New Zealand *: -2.61% (Jun 16 – Jan 17 vs. Jun 15 – Jan 16)
BUTTER (82%): prices firmed, reaching the highest level of 2017. This was expected as a consequence of the current deemed shortness of dairy fats in the region. Most sellers in Australia prefer sales going to larger and longer term customers, while buyers who do not fit that description struggle to secure deliveries. That has contributed to Australian butter exports declining while New Zealand, with a lower population, increased its butter exports.
CHEDDAR CHEESE: prices slightly weakened, but the market is expected to be steady during the coming weeks. Domestic cheddar sales in Australia have continued to grow.
SMP: prices slightly increased. This market has been very short term focused, also wary of intervention stocks in the EU.
WMP: prices weakened at the top of the price range. There is discussion focusing on possibly higher milk production ahead in New Zealand than has been forecast. Some potential buyers have become wary of potential price weakness ahead, and have slowed purchases as a result. Another factor is increased efforts by European manufacturers to enter some WMP markets with WMP priced slightly below prevailing Oceania prices.
CLAL.it – Latest GDT auction results (March 7, 2017)
Note: · Assessments about market trend are expressed in US$; · * Dairy season: July, 1st – June, 30th (Australia), June, 1st – May, 31st (New Zealand).
Source: USDA summarized by the CLAL Team
More informations about milk production in New Zealand and Australia are available on CLAL.it
[…] Fonterra a révisé ses prévisions de production laitière pour la saison en cours (qui se termine le 31 mai) de -7% à -5% par rapport à la saison laitière précédente. La prévision du prix du lait publiée en novembre dernier pour l'année de production en cours a été réaffirmée. Australie : -8,55% (juil – déc. 16 vs. juil. – déc. 15) Nouvelle-Zélande : -2,61% (16 juin – 17 janvier vs 15 juin – 16 janvier) […]