EU Intervention, 22 Jan, 2019 tender saw 18,514 mt sold at a minimum price of € 1,585. -/mt, leaving only 3,651.-/mt for the next tender #32 on 5th February. It has, after all, been a relatively swift exercise to sell the product back to the market. Last week when asked for comment, EU’s Agri Commissioner […]
It seems that at the beginning of the new year the global milk market will not tumble into chaos – at least in the forseeable future. Milk volumes in New Zealand are down, those in Australia are up but can’t make the neighbours’ decline even. The EU has been booking an almost stable milk production […]
Although after a fairly long lull in the world dairy market some recovery can be observed, it is still too early to talk about fundamental changes. In Oceania, where production is still seasonally active now, prices have strengthened. But this happened not because of improvement of the market situation, but because of the expected worse […]
On the first of April 2015, EU abolished the Milk Quota that had been in place for 30 years, since 1984. The reason why Milk Quota were implemented for every member state of the EU was to manage the yearly recurring misbalances between Supply & Demand. The milk quota system has beensuccessful in terms of […]
The latest and recent intervention of SMP in Europe was in effect unable to clear the milk protein markets from oversupply. Admittedly, product has gone on stock so that it needn’t be sold into markets at once. But that same SMP that is already in storage or is going into storage, will return one day. […]
During last time the global dairy market has not shown much signs of recovery. Moreover, for many goods prices rolled back. In fact, there are not so many reasons for the price decline. In Europe there are large interventional stocks of milk powder, but this factor can rather be considered only as psychological, because the […]
It seems that the negative predictions of world-famous analysts will not come true. It was expected that the global dairy market would start recovery no earlier than late 2016 or early 2017, but prices began to strengthen in June, after the long crisis period.