Insight Focus
- Weaker Asian demand is still the main driver of dairy prices.
- A strengthening dollar is not good news for US dairy farms.
- European prices were relatively stable last week.
China’s Import Data is Worse than Estimation
- New Zealand’s dairy prices fell for the fourth week in a row.
- Weaker Asian dairy-product demand hit skimmed milk powder, butter prices most.
- As the dollar strengthened, export demand for US dairy products fell.
- China’s lockdown continued to drag down prices of whey powder and skim milk powder.
- Most European dairy prices were relatively stable compared with those in New Zealand and the US.
Other Insights That May Be of Interest…
Russian Food Self-Sufficiency: Reality or a Potemkin Village?
PET Resin Trade Flows: China’s COVID Response Slows Trade Flows
