• Bullish sentiment still dominates the global dairy market.
• All dairy prices remain high, especially milk powder, which is approaching a four-year high.
• New Zealand’s milk production remains worryingly poor.

Dairy Prices Remain High

• Dairy’s rally has continued, with milk powder approaching a four-year high.
• American butter’s surge has finally paused, with the rest of its products still on the rise.

• With New Zealand’s milk production down, powder prices have surged with whole milk powder now at a three-month high.

• Major European dairy futures were still sought by the market and have continued to rise.
• The upcoming consumption season has spurred skim milk powder to lead other varieties. 

• Weak demand in Mainland China could mean consumers elsewhere in the world turn to New Zealand. 

Other Insights That May Be of Interest…

Dairy Prices Climb Entering 2022