CLAL.it outlines the import and export trade flows of Cheese, Butter and AMF, Milk Powders, Whey and WPC, Condensed Milk, Packed and Bulk Milk, Lactose, Casein and Caseinates by the main international players.
BUTTER (82%): prices increased on the low end of the range; the strong production is adding to inventories; export demand has been active with some product moving to the U.S., North Africa and the Middle East.
CHEDDAR CHEESE: prices declined on the upper end of the range; current prices are showing a better return for cheese than whole milk powder, but cheese makers are hesitant to greatly expand inventories, due to the available global supplies.
SMP: prices at the low end of the range declined; demand is active; increased trading with the more price sensitive nations of Africa.
WMP: prices saw some marginal increases; the increases are thought to be due, in part, to increased trading following a national holiday in China and a response to some cooperatives lowering their yearly WMP production forecasts.
Most manufacturing plants are operating at or near capacity to handle the seasonal peak in milk volumes. This results in a strong production of Butter, AMF, Cheddar, SMP and WMP.
Note: · Assessments about market trend are expressed in US$; · * Dairy season: July, 1st – June, 30th (Australia), June, 1st – May, 31st (New Zealand).