Uruguayan dairy exports up 17%
Uruguay’s exports of dairy products between January and November were worth 636 million US dollars, which represents a 17% increase compared to the same period last year, the National Milk Institute (INALE) announced Monday.
'Jittery' market piles into record volume of dairy derivatives after steep price drop at GDT auction
Unexpectedly weak prices for whole and skim milk powder at this week’s Global Dairy Trade auction have seen market participants pile into a record volume of dairy derivatives on the NZX, with most of the jump in options to buy or sell the products.
Milk Is Risky Business. Got Futures?
Dairy contracts are relatively new to the global markets, but trading is booming.
Dairy prices ease slightly at GDT
Dairy commodity prices eased 1.1% at last night’s Global Dairy Trade (GDT) event.
Milk price risks have moderated
Dairy farmers budgeting for next season will be interested in a milk price forecast of $6.10/kg milksolids from the BNZ Economics Research group and in the details of its workings leading to upside and downside scenarios.
Dairy auction unlikely to hit Fonterra's forecast
Futures market action suggests dairy prices may ease at Wednesday’s GlobalDairyTrade auction — but not by enough to affect Fonterra’s milk price forecast.
Record year for dairy derivatives
The NZX dairy derivatives market reached a significant milestone last year as record trading volumes were achieved across its full suite of futures and options contracts.
By: Dene Mackenzie
Source: Otago Daily Times
Link: https://www.odt.co.nz/business/farming/record-year-dairy-derivatives
NZ dairy farm allure tarnished by shrinking capital gains
NZ dairy farm allure tarnished by shrinking capital gains, increased red tape.
By: Jonathan Underhill
Source: Scoop Media
Link: http://www.scoop.co.nz/stories/BU1712/S00228/nz-dairy-farm-allure-tarnished-by-shrinking-capital-gains.htm
Dairy derivatives market volume exceeds 2016 level
In August the volume traded on the dairy derivatives market of European Energy Exchange (EEX) already surpassed the total volume traded in 2016.
Wet, wild weather pushes up dairy future prices
Heavy rains across New Zealand this week have pushed up the price of NZX whole milk powder futures, as traders anticipate slower grass growth will dent future milk production.