Higher EU milk output has resulted in greater volumes of butter, skimmed milk powder (SMP) and condensed milk.
In a sign of the times, a European dairy major, FrieslandCampina, is transferring part of its milk supply to a rival.
Fonterra’s decision to build in guarantees of the age of its milk powders appears to have excited the market.
Casein prices have plunged in the past year, following the trend of lower powder prices generally. However, demand in key markets is keeping prices above ‘benchmark’ norms.
A weaker pound versus the euro may begin to provide some relief for British dairy producers after an influx of lower-priced cheese and butter imports his year.
US milk production rose in October and is now tracking at about the same level as last year, while large volumes of dairy stocks continue to weigh on the market.
New Zealand is course to produce more milk for the world’s export markets – thanks to productivity of its dairy cows.
China will not return to the market soon, say industry observers, even as milk powder stocks fall and Singles’ Day infant milk formula (IMF) sales sma...
Infant milk formula prices are falling in China – ironically just as the country gets used to the idea of no more one-child policy.
Despite a collapse in prices, EU export earnings from concentrated milk products have risen to near record levels, and have opened up new fractionate ...
German manufacturers of organic dairy products are turning to neighbouring Denmark and Austria for supply, as domestic organic milk prices soar.
Seasonal orders are providing some bright spots in an otherwise bleak EU dairy products market.
Buyers forces a further slide in global dairy auction prices today (Nov 17) – confirming recent trends and the reflections of many observers.
European exporters have been selling record volumes of butter on world markets – and greater volumes of processed fats to China.
Milk powder – both whole and skimmed – slipped further at the global dairy auction: the rally of a few auctions back dead and buried. But Fonterra has a plan.
With butter production steady to increasing and a slowing milk demand, prices look to stay steady.
Details of the new ‘enhanced’ EU storage scheme for skimmed milk powder (SMP) have been announced, along with new national allowances for cheese storage.