News

Australia is nearing the end of the milk season, recording in March 2018 an increase by +2.5% from March 2017. July 2017—March 2018 milk production was +3.4% over one year earlier. In Victoria, the most productive region accounting for 64.8% of Australian milk production, milk production increased by 3.8% over the same period a year ago. Demand for hay in Northern Australia is higher, due to seasonally cooler temperatures. New season hay is being snapped up from milk producers from New South Wales and Victoria...

The latest Global Dairy Trade (GDT) auction — Event 212 — concluded with the GDT Price Index up 1.9%. Lasting just a minute over two hours, a total of 14 bidding rounds took place, involving 165 participating bidders — of which 111 landed winning bids. Interestingly,...

Purchase prices for milk under the pressure of seasonal production growth are constantly falling. Even despite the positive trends on the world market. This was reported by analyst of Association of Milk Producers of Ukraine (AVM) Yana Muzychenko. According to the results of April, the average price for milk was 9.12...

After battling to hold base quotes over recent weeks, beef buyers have finally relented and are now offering stronger quotes. Where negotiations were starting at 405c/kg for steers last week, quotes have increased upward by 5c/kg and most plants are now on a base price of 410c/kg; some steer deals ar...

This was stated by Head of the Main Department of foreign economic activities of the Ministry of agriculture and food of the Republic of Belarus Alexey Bogdanov on the official page in Facebook. Earlier it was reported that the Federal Agrarian Department of Russia proposes to establish quotas for the supply of milk powder from Belarus to Russia in the amount of&...

In March, the US dairy export continues, supported by increasing prices for milk, cheese, milk powders, butter and cream. Also the US dollar getting weaker against the Euro makes US products more competitive on the international market. The balance sheet for the first quarter of 2018 shows US dairy exports growing by 16.5% in quantity and 3.9% in value, compared to the same period in 2017. Thanks...

GLOBAL — The FAO Food Price Index remained broadly steady in April, averaging 173.5 points for the month, a tiny notch up from March and 2.7 per cent higher than in the same month of 2017. Prices of cereals and dairy products continued their recent rising trend, while those of sugar continued their decline, FAO reports. FAO also released its first forecasts for the 2018/19...

Butter markets continue its high volume trading sessions on Wednesday as another 16 loads traded and five bids and offers were left unfilled. Butter fell 1 ¼ cents to $2.34 ¾ cents per pound. Blocks added ½ cents to $1.66 ½ on one trade and six bids. Cheddar barrels moved nine loads but close unchanged at $1.60 ¼ per pound. Grade A nonfat dry...

Exports of cheese from the UK surpassed the £615 million mark last year — rising 23 per cent from 2016, according to the latest figures from HMRC. The data shows volumes of exported cheese rose by five per cent from the previous year — reaching just over 170,000 tonnes. While cheddar continues to dominate exports, fr...

Chinese dairy import kept growing fast in the first quarter of 2018: +15.3% in quantity and +24.2% in value y—o—y. Import is over 758,000 tons of milk and derivatives, for a total value of 2.58 billion dollars. There is still much room for growth, it is evident: the key is to spread the culture of consuming dairy products. The growth in imports is widespread among t...