NEWS from OCEANIA: dairy market n° 22/2013
(11 - 22 November 2013) source: USDA
Milk production in AUSTRALIA is steady with volumes trailing a year ago by 3-4% but expectations for the season are of milk volumes being at year ago levels.
There is good demand from both domestic and export account and processors are able to move milk to fill product category needs and maximize returns.
NEW ZEALAND milk production levels are steady to slightly lower on a weekly basis although overall milk volumes are holding up rather well due to favorable weather conditions.
- New Zealand *: +6,86% % (Jun - Sep 13 vs. Jun - Sep 12)
- Australia *: -3,8 % (Jul - Set 13 vs. Jul - Set 12)
BUTTER (82%): steady market; unchanged price range but at the low level of world suppliers; good market activity; low production; good AMF market with often returns better than butter.
CHEDDAR CHEESE: lower prices; lower production as returns favor making WMP and as a consequence lower supplies; good demand.
SMP: lower prices; firm market undertone; US and EU higher prices are indicating the market trend; tight supplies due to more commitments and flat production trends.
WMP: pricing slightly lower on the bottom; firm market tone; still good interest from China; milk is moved to WMP production for maximum returns.
Whole milk powder market remains well balanced from a good export demand in the world, especially from China and from price position which is maintained high even at seasonally high output.
Note: · Assessments about market trend are expressed in US$;
· * Dairy season: July, 1st - June, 30th (Australia), June, 1st - May, 31st (New Zealand)