Insight Focus
- Dairy is still rallying in all geographies.
- Supply is tight and most logistical issues are continuing.
- North American disruption is easing slightly, though, as Canadian truck driver strikes conclude.
New Zealand: Supply Worries Persist
- New Zealand’s dairy prices rallied again last week, with production still poor.
- Anhydrous milk fat and butter showed the most significant increases.
- Prices for the longer-term contracts are higher than the short-term ones, indicating the market’s confidence in mid-year production.
North America: Logistical Issues Ease Slightly
- Major US ports remain heavily congested, but truck driver strikes in Canada have now ended.
- Butter prices remains high, whilst skim milk and whey powder prices have now eased.
Europe: Prices Climb as Production Falters
- Milk supply is still tight in Europe too, and high prices reflect this.
- The longer-term contracts show higher prices, as is the case in New Zealand.
Dairy Online’s Spot Price Comparison
- After a lengthy rally, New Zealand’s prices are now aligned with those of North America and Europe.
- Poor supply has supported the recent climbs; consumer demand will dictate how long this trend continues.
Other Insights That May Be of Interest…
The Dairy Industry, Now and in the Future
Innovations Within the Dairy Industry
