Insight Focus

  • It’s the consumption peak season of dairy products in the northern hemisphere.
  • We think the dairy prices have bottomed out.
  • European butter price is approaching year’s highs. 

New Zealand

  • After two months of downtrend, New Zealand milk powder and butter now have a price advantage.
  • Milk powder and anhydrous milk fat prices rebounded in the last fortnight.
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USA

  • US butter rallied significantly because of supply concern in California state due to dry weather.

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Europe

  • European butter and milk powder prices reversed July losses and approaching the year’s highs.

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