- Dairy prices are still climbing in most regions.
- A pullback was expected in Europe, but production cutbacks have rubbed off on prices.
- New Zealand is the only region where prices are dropping at present.
Dairy Price Movements
- US dairy prices have climbed as demand outstrips supply in both regions.
- European dairy prices, instead of pulling back after the New Year consumption peak, have also surged.
- This reveals fears over future supply shortages following the region’s production cutbacks.
- New Zealand’s whole milk powder prices for the January and February have decreased.
- China’s demand for New Zealand dairy is down following large imports at the end of its peak consumption window.
- The butter price hikes in Europe and the US have, however, supported New Zealand’s butter price.
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