Global consumption of dairy products is set to increase by 2.3% per annum over the next decade with output increasing by 1.8% during the same time period.
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.
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.
Dairy prices “will remain under pressure” next year despite the prospect of a sharp fall in milk production growth, US officials said, undermining any hopes that a late-year revival in values may signal the start of a recovery.
Rabobank has issued a new report on the global dairy industry, looking at issues of price, supply and demand in key international markets.
Dairy prices at GlobalDairyTrade returned to declining, albeit by a small level overall, amid ideas that buyers, in the absence of large Chinese buying, remain relaxed about purchases, even at among hte cheapest levels in five years.
The world’s biggest robotic dairy farm under one roof has started production in South Canterbury.
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.
The tendencies of world markets affect negatively the Ukrainian market.