Dairy prices tumble – now down 19% in a month

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.
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.
The end of quotas frees efficient European dairy farms to expand.
International demand for dairy products has bottomed out and there are already signs that markets are starting to improve slightly, according to Arla Vice President Frede Juulsen.
Rabobank Dairy Research specialist Sandy Chen told members of the Irish trade delegation visiting China this week that it will take up to 12 months for the Chinese market to strengthen significantly.
China’s whole milk powder (WMP) imports have fallen below year earlier levels for the first time since August 2013 according to DairyCo.
GLOBAL – Low dairy prices are set to be prolonged in the absence of a Chinese white knight and a likelihood of strong milk production into next year, says Rabobank.
New Zealand dairy giant Fonterra will buy a 20% stake in Chinese dairy giant Beingmate to increase its access to China’s infant milk market, Beingmate has announced.