Insight Focus

  • The recession risk is still clouding commodity markets, including dairy.
  • Chinese demand was in the lead whilst other regions faded sharply at the latest GDT auction
  • Chinese demand could be hit by COVID outbreaks and counter-measures.

  

New Zealand

  • New Zealand dairy futures fell significantly, especially the whole milk powder price.
  • It’s the cheapest supplier in the world market.
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US

  • US skim milk power and butter from August onward fell sharply last week.
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Europe

  • The European market continued to fall.
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Other Insights That May Be of Interest…

Future Food Security Jeopardised by Short-Term Price Taming

Inflation to Take Bite Out of Alternative Meat Demand