SMP and Cheddar prices strengthened, driven by good demand
In Australia, many Milk Producers continue to shrink herd size to cope with current drought and water needs. The data for the first half of the 2018−19 season recorded a production lower by 5.2% from previous year. In December 2018 there was a reduction of -6.9%.
New Zealand output per cow increased.
Milk production, in the period June 2018 — January 2019, recorded +4.9%. January 2019 milk production was +8.7% from January 2018.
Fonterra...