• New Zealand dairy prices continued to fall due to weak demand as Chinese imports slowed.
  • New Zealand dairy prices may have been oversold.
  • The extreme heatwave might affect US and European milk production.

 

New Zealand

  • New Zealand dairy products fell for another straight week.
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USA

  • US butter rebounded, while other dairy products remained weak.
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Europe

  • This week, European butter and skim milk powder prices remained unchanged.
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Other Insights That May Be of Interest…

The (Stomach) Churning Butter Price Rise

Food Supply Chain Key Factor in Inflation Surge