Global milk production levels continue to recover following the sharp contraction in late 2016, according to the Rabobank Global Dairy Quarterly Q2 2017.
After fruitful negotiations between the representatives of the Ministry of Agrarian Policy of Ukraine, the State Foods and Consumer Protection Service and government delegations Chinese party included nine additional Ukrainian dairies to the list of those entitled to export dairy products to the PRC.
Ministry of Agriculture and Food of Belarus has signed the Protocol of Cooperation with Chinese DRex Food Group and Xinrongji Holding Group which provides for investment in agriculture of the Republic approximately $1 billion, reports the Interfax-West.
China is showing interest in increasing the supplies of dairy products from Belarus, Chinese expert Wang Yaotan said in an interview with the ONT TV channel – BelTA.
The situation on Ukrainian whey market remains quite favorable for sellers. Exports is active, the number of free warehouses is small, prices are rising – INFAGRO.
Milkiland Ukraine with the support of Milkiland Intermarket, both the subsidiaries of Milkiland Group, has concluded first contract and started supplying dry milk products produced by the Group’s Ukrainian facilities to the consumer in the PRC – Milkiland.
Danone rose as much as 3 percent in Paris and Nestle SA also gained after China said it will lift its one-child policy, boosting the outlook for sales of infant nutrition.
Prices at this week’s Fonterra Global Dairy Trade (GDT) auction could come under further pressure, according to AHDB Dairy’s senior market analyst Patty Clayton.
Beginning of the new season does not make the milk operators happy. They have no markets to direct the surplus of milk.
Dairy prices suffered their biggest loss at GlobalDairyTrade since 2010, taking them nearly back to where they started the year, as ideas of New Zealand drought and Chinese buying evaporated.