News

For the fourth consecutive semi-monthly trading session, global dairy prices were again up on the Global Dairy Trade (GDT) auction today. In the aggregate, prices climbed 4.2% on volume that approached 28,000 metric tons. Skim milk powder climbed 10.3% to $1.09/lb. This increase may be in part due to the European Union’s dwindling inventory of SMP stocks, now down 94% from its peak a few...

The beginning of every New Year is the time of traditional summing up of the previous year results and making plans for the next year. This is what people, companies, and industries do. Dairy industry does the same. What was the 2018 for Ukrainian dairy industry? In one word — «ordinary». The assessment is boring, but in the dairy industry, as in the economy of ...

It is still too early to sum up the year for production of dairy products as there is not all the data available, but we can confidently note the growth trend in production of fresh dairy products and cheeses. It is expected that production of powdered and condensed milk for the year will be less than last year. Even production of butter, contrary to forecasts, will be low...

The holidays have come and gone, and our sights are set on 2019. According to The Statistics Portal, losing weight and getting in shape was the second most popular New Year’s resolution in 2018, right behind saving money. Fortunately, keeping dairy in your diet can help you achieve both of those goals! 1. Milk contains nine essential nutrients, which include: Calcium Vitamin D Vitamin A Riboflavin Phosphorus Vitamin B12 Protein Potassium Niacin 2. One serving of milk...

Only modest milk production growth expected in 2019 due to challenging environment. The 2018 theme of slowing global milk production in the largest milk-producing countries will continue in 2019, according to Rabobank’s «Dairy Quarterly Q4 2018....

EU-28 remains the main supplier of China (view graph), followed by New Zealand, which has declining export quantities in the first 10 months of 2018, compared to the same period of last year. The US export remains stable despite the tensions on duties following the trade tensions between Washington and Beijing. In October China increased its import by 12,4%thanks to the favourable quotations, grown by 1.5% on a trend basis. Powders, pharmaceutical use lactose and packaged milk l...

The casein season is almost over. Only a couple of dairies continue production of small amounts of casein to fulfill old contracts. The business is not inspiring, no proper price both for casein itself and for by-product butter. Traders buy the remains of technical acid casein at 5000−5200 USD/t. Prices are low, but importers' considerations are clearc — this the realitity of the world dair...

The EU-28 dairy export, in October, recovered in quantity (+12.5%) and in value (+6.8%). The export of Cheese, strategic product for EU due to the intrinsic dairy tradition, improved. The main target markets are those with the highest spending power: United States, Japan, Switzerland and Australia. In particular, an increase in Fresh Cheese trend was reported: +20.4% in quantity and +16.2% in value, thanks to significant growth in South Korea (+103%), but also...

Milk production in Australia in October 2018, the seasonal pick’s month, was lower than October 2017, recording -5.7%. The total production of the first 4 months of the dairy season, July-October 2018, was 3.2 million liters (-4% compared to the same period of 2017). There were production increases in Tasmania and South Australia, two states that together account for only 14% of Australian milk production. The worst hit states for milk production are Vic...

European dairy looks set to expand over the coming 12 years, according to an outlook report conducted by the European Commission for the medium-term future. The «EU Agricultural Outlook for Markets and Income 2018−2030', published during the week, outlines predictions for European agriculture based on macroeconomic assumptions de...