Insight Focus
- Skim milk powder prices rose or stable in New Zealand, the US and Europe.
- US dairy rose more than fell, with skim milk powder recovering from last week’s slump.
- Butter prices in Europe are stable.
Skim milk powder has become the focus of global dairy market in the second half of the year. Because this is a strong variety in Europe and America, and whether this variety can be stable determines the direction of dairy source processing in the future. From the current situation, the chance of price correction downwards is greater than the chance of an upward move.
New Zealand
- New Zealand dairy futures were mixed, with anhydrous milk fat was generally weak.
USA
- US dairy rose more than fell, with skim milk powder recovering some of the losses from last week’s slump.
Europe
- The overall performance of butter in European market is stable.
Other Insights That May Be of Interest…
Food Supply Chain Key Factor in Inflation Surge
Russian Food Self-Sufficiency: Reality or a Potemkin Village?
