U.S. #Milk Powder Exports Hit Record High in May
U.S. exporters shipped 60,358 tons of nonfat dry milk/skim milk powder (NDM/SMP) in May, up 8% from last year and the most ever in a single month.
#Fonterra: continue low prices
Results from last trading event:
Arla #Foods to specify origin of SMP products.
Arla Foods is pleased to announce that the country of origin for their SMP products sold via GDT will be specified for the bidders.
Land O'Lakes becomes second U.S. firm to join global #dairy platform
Food co-operative Land O’Lakes Inc will become the second U.S. firm to join the world’s dairy trading platform, adding a potentially big exporter of skim milk powder to the internationally traded dairy market.
#New tender of Fonterra: Dairy prices up
Key results:
#TGD: Jump In Demand for SMP Futures
Futures contracts for skim milk powder (SMP) traded at record levels on the NZX Dairy Futures market during the month of June.Â
#TGD: Leading French Company Joins GlobalDairyTrade
EUROSERUM and GlobalDairyTrade (GDT) have announced that EUROSERUM will begin offering dairy products on GlobalDairyTrade from November 5, 2013.Â
#Fonterra: Slight increase in prices
GlobalDairyTrade Event 94 concluded with the GDT TWI up 1.1%. Key results:
#US Skim Milk Powder Prices Poised to Rise
Skim milk powder (SMP) prices have recently surged in New Zealand in response to poor domestic milk production and firm demand for SMP from emerging markets such as China. US SMP prices, which historically have closely mimicked New Zealand prices, have not yet reacted to this supply/demand situation, but could they also be heading in […]
#Australian Dairy Product Production
During the first three months of the 2012 / 2013 dairying season, butter production in Australia increased by 9% from a year ago. Skim milk powder (SMP) and cheese production also increased by 7.8% and 7.2% respectively.