Insight Focus
- Most New Zealand dairy prices fell last week on weaker Asian demand.
- European milk supply worries are easing slightly, stabilising prices.
- Dairy prices should remain volatile as COVID news resurfaces and war continues.
A Record High Butter Price in Europe
- China’s COVID restrictions dragged New Zealand dairy down, with buyers less active at the global trade auction.
- The newly signed free-trade agreement between the two didn’t give offer any support to prices, with only butter increasing in the near-term.
- US prices are also fluctuated on weaker Asian demand.
- Milk supply worries are easing slightly in Europe; price movement was minimal.
Other Insights That May Be of Interest…
Dairy Output Downtrend Continues
The Dairy Industry, Now and in the Future
Innovations Within the Dairy Industry
