EU dairy exports grow despite Russian ban
Despite losing one of its most important export markets, the European Union (EU) has seen an overall increase in dairy exports, Dairyco has found.
EU milk prices continue to fall in all countries
According to DairyCo the July EU weighted average milk price stood at €37.23/100kg (30.40ppl), down €0.39/100kg (1.0%) on the previous month. Compared with the previous year, the weighted average EU price for July was up €0.92/100kg (2.5%), however, this was a decrease on the year of 1.80ppl.
Latest world #dairy market trends
According to DairyCo, milk production has moved into the seasonal decline in the Northern Hemisphere although remains strong relative to last year’s levels.
Global #milk supply holds strong
With the Northern Hemisphere being more than three months into its milk year and the Southern Hemisphere heading towards its flush, the strong global supply situation is continuing according to DairyCo.
EU skim #milk powder production highest since 1991
EU production of Skim Milk Powder reached its highest level since 1991 in Q1 of 2014 according to DairyCo.
World #dairy market update
DairyCo is reporting that Global milk production continues to perform well helping to rebuild stocks. Butter prices have held firm in the US and Oceania, due to good demand, while EU prices continue to decrease. A reduction in global import demand sees average powder prices fall on average in March.
Latest EU #dairy price trends
According to DairyCo, EU wholesale dairy prices are starting to fall as milk production continues to perform well.
International wholesale #milk market update
According to DairyCo, milk production, for major exporters, continues to improve on 2012/13 allowing for stocks to replenish.
#Dairy markets update
According to DairyCo, UK farmgate milk prices reached a record high of 30.77ppl in June.
#Global dairy markets to remain strong into the summer
GLOBAL dairy markets are set to remain strong into the summer but UK farmers may not see the full benefits because of the way the domestic market operates, according to a leading market analyst.