Insight Focus
- East Asian demand was weak at the recent global dairy trade auction.
- New Zealand dairy farms put more milk into recent auctions on concern Asian demand will fall in future.
- Slow economic growth worsens prospects for global dairy demand.
Asian Dairy Demand Plummets
- New Zealand’s milk farms appear worried over Asian dairy demand prospects.
- New Zeeland prices at recent auctions draggeddown by increase in volume on offer.
- Prices remained relatively stable in the US.
- The European butter price recovered some of the previous losses ahead of the Easter Bank Holiday.
- Ideas of easing of situation in Ukraine gave rise to hopes for milk and feedstock supply.
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
