Insight Focus
- New Zealand’s milk production has been hit hard by labour shortages.
- The region’s rapidly rallying prices are creating opportunities for other key suppliers.
- Dairy prices are climbing in other regions as well, though.
Global Dairy Prices Remain High
- New Zealand’s milk prices are still rallying, with production still poor due to labour shortages.
- Whole milk powder has now hit a three-month high.
- In the US, butter and skim milk powder futures are both backwardated, and whey powder has climbed substantially.
- European dairy prices are similarly elevated, with butter and skim milk powder both up.
- New Zealand’s rapidly rising dairy prices are closing the gap with those in other regions, but prices for products, other than cheese, remain competitive with Europe and the US.
Other Insights That May Be of Interest…
The Dairy Industry, Now and in the Future
Retail Trends Within the Dairy Industry
