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Fresh dairy products and cheese production have grown

It is still too early to sum up the year for production of dairy products as there is not all the data available, but we can confidently note the growth trend in production of fresh dairy products and cheeses. It is expected that production of powdered and condensed milk for the year will be less than last year. Even production of butter, contrary to forecasts, will be low...

 
Imports of cheese and fresh dairy products to grow

There is no significant growth of dairy exports. Export prices remain low and sales of many dairy products are falling both because of unattractive prices and because of a seasonql decrease of dairy production. But still, in October, external shipments became more active. In comparison with September, figures of exports increased in almost all positions of dairy products and for some...

 
Fonterra revised its 2018/19 forecast Farmgate Milk Price

Lingering drought in Australia limits milk production, which was -3.6% in August 2018 y-o-y. Milkfat and protein content are also lower. Milk Producers, faced with higher prices for feed and less water availability, are reducing the herd sizes by 25% (the typical annual culling involved about 20% of herd sizes). New Zealan...

 
WMP and SMP exports down in May and June

Australia is at the beginning of the seasonal dairy manufacturing and trading activity. The 2017−18 season ended with a production +3.1% higher than the previous year. In New Zealand the market is quiet, both for the 3-week break in GDT event schedule (from July 17 to August 7) and for the low seasonal milk production. WMP market is almos...

 
Cheese sales are seasonally lower

The problem of cheese products sales is not being solved, warehouses are full, the terms of the stored products are expiring and traders have to sell the products for a song. Even to Kazakhstan some operators are selling cheese at 1,700 USD/ton. There is almost no hope for the renewal of export schemes through Belarus. In the domestic market s...

 
Exports of cheese products on decline

Ukrainian cheese makers, especially those producing cheese products have the reason to worry. The schemes for exporting cheese products are collapsing and selling the products by another schemes is unprofitable because of the very low price. Therefore, production of the cheese products will have reduced, and the excess milk redirected to the low-cost drying. At the same time, manufacturers of cheeses do not fee...

 
EU export slowing down in the first quarter 2018

EU—28 exports slow down in March 2018, although the balance for the first quarter of 2018 is positive compared to the same period of the previous year. The growth of EU dairy exports in Milk Equivalent (ME) is +1.5%, the least exciting performance since 2015, comparing the same period year—over—year. The volumes of dairy products exported from January to March 2018 increased by 2.5%, with good results for infant milk formula (+21.9%), cheese (+1.3%), SMP (+8.1%), butter (+13%) and w...

 
Butter and cheese inventories continue to climb

The USDA released their monthly cold storage report on Tuesday. For the month of April, butter and cheese inventories continued to climb. Total natural cheese on April 30th, 2018, was reported at 1.346 billion lbs., up 2% from March and 3% above year ago levels. Butter stocks totaled 307 million lbs. 12% above March levels and 5% ahead of last year. Total beef in...

 
U.S. dairy exports hit a record in March

In March, the US dairy export continues, supported by increasing prices for milk, cheese, milk powders, butter and cream. Also the US dollar getting weaker against the Euro makes US products more competitive on the international market. The balance sheet for the first quarter of 2018 shows US dairy exports growing by 16.5% in quantity and 3.9% in value, compared to the same period in 2017. Thanks...