Latest world #dairy market trends

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According to DairyCo, milk production has moved into the seasonal decline in the Northern Hemisphere although remains strong relative to last year’s levels.  

Meanwhile, the Southern Hemisphere is entering the last month of trough production providing downward price pressure on some commodity markets.

Powder prices decreased over the month of June, as buyers continued to enter the market only for short-term cover. Cheddar prices fell further while butter price movements were mixed across the three regions.

US butter prices increased 6.8% over the month to $4,822/tonne, continuing the upward trend seen since November 2013. They are now trading higher than EU prices for the first time since October 2012. Supplies are reported as tight across the States with domestic demand remaining firm. Export interest has cooled due to cheaper stock available elsewhere. EU prices increased to $4,775/tonne (1.4%) over the month. Stocks are not reported to be ample, although the lack of PSA has presented some uncertainty over stock levels in the EU. This may be prompting some buyers to stay in the market to secure winter supplies. In contrast, Oceania butter prices decreased 3.2% in June to $3,825/tonne. Demand is said to have been affected by Ramadan as some buyers from Southeast Asia and the Middle East have backed away from the market.

With butter production set to increase as milk supplies become more available, demand appears to be restrained as buyers hold off in anticipation of further price drops.

Source: FarmingLife

Mirá También

Así lo expresó Domingo Possetto, secretario de la seccional Rafaela, quien además, afirmó que a los productores «habitualmente los ignoran los gobiernos». Además, reconoció la labor de los empresarios de las firmas locales y aseguró que están «esperanzados» con la negociación entre SanCor y Adecoagro.

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