The FAO Food Price Index fell in January, slipping 1.9% below its level in the last month of 2015 as prices for all of the commodities it tracks fell, particularly for sugar.
Dairy product prices at the latest Global Dairy Trade auction have fallen on the last event.
Prices at the latest Global Dairy Trade auction have fallen on the last event.
After four bumper auctions in a row, prices fell at the latest Global Dairy Trade auction.
This year’s World Dairy Summit in Vilnius was, on the face of it, about sustainability. But the very location of the conference ensured discussion about Lithuania’s very large neighbour, Russia, and the impact of the EU dairy ban.
The bad news continues for dairy farmers with the GDT price index seeing yet another drop at the latest dairy auction.
Danone has posted a 4.5% year-on-year increase in sales for the second quarter (Q2) of 2015 and sales in the first half (H1) are up 4.6% year-on-year.
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.
As a whole the situation looks strange on cheese market. There are big problems with sales, but production is growing, and the prices do not fall at all.
In their latest Quarterly report Rabobank stated the rally in international dairy prices in Q1 was reversed in Q2, with prices falling 20%-30% in the period to mid June.