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Global Dairy Trade Event 163

  Event Results Global Dairy Trade Event 163 concluded with the GDT Benchmark Price Index down 1.4% Key Results AMF index down 1.6%, average price US$3,195/MT Butter index down 5.5%, average price US$2,601/MT BMP index down 5.5%, average price US$1,366/MT Ched index up 1.8%, average price US$2,727/MT LAC index down 2.7%, average price...

Neths: WHEY POWDER BACK OVER €500/t AT AUCTION

After last week’s non-event, buyers found whey prices more palatable at today’s Netherlands-based Dairy Auctions Online, and 250t of product were sold for an average €502/t, up €4 from a fortnight ago. Gouda with a starting bid of €1,700/t, Italian hard cheese from Lithuania from...

GlobalDairyTrade Event 161 concluded with the GDT Price Index up 2.1%

Key Results AMF index up 6.7%, average price US$3,203/MT Butter index down 2.0%, average price US$2,702/MT BMP index down 8.2%, average price US$1,395/MT Ched index up 10.5%, average price US$2,778/MT LAC index up 6.2%, average price US$661/MT RenCas index up 11.8%, average price US$4,438/MT SMP index up 0.1%, average price US$1,721/MT WMP index...

GDT: INDEX DROPS ANOTHER 2.9%

Despite bullish market forecasts, there was virtually no positive outcome for yesterday’s  GDT auction. The GDT price index was down 2.9%, with WMP down 0.8% at an average price of US$1,971/t; SMP down 2.5% at $1,731/t; AMF down 6.5% at $3,014/t; Cheddar down 5.6% at...

Neths: BUTTER, SMP (FEED) PRICES RAISED

Dutch butter and SMP (feed) were raised by ZuivelNL/Dutch Dairy Board this week in theirofficial dairy commodity prices, for the first time this year, but there were further cuts for WMP and SMP (food). Butter is up €20 to €2,360/t (still 14% down from January);...

Ireland/Saudi Arabia: ORNUA OPEN CHEESE FACTORY

Irish dairy exporter Ornua have opened a €20m cheese manufacturing facility in Riyadh, Saudi Arabia, making white cheeses for the Saudi Arabian market, the fifth largest dairy importer in the world, and providing a central hub to access the high growth dairy markets in the Middle East...

EU: CHEDDAR BUCKS THE CONTINUING PRICE FALLS

This week’s average prices of EU dairy commodities, according to the Commission’s Milk Market Observatory, are: WMP €2,010/t (down 28% from a year ago); SMP €1,560/t (-27% and now 8% below the intervention price); butter €2,590/t (-22%); whey powder €550/t (-42%); Cheddar (€2,710/t (-19%); Gouda...

EU: SPRING FLUSH WILL PILE PRESSURE ON PRICES

The European Commission expects first-quarter deliveries across the EU to be 5% higher than last year. This will level off after the spring, with annual production forecast to rise 1.5% to 154n litres. But global dairy production is massively overshooting any extra demand for milk,...

Ireland: NESTLÉ ANNOUNCE €25m EXPANSION OF R&D CENTRE

Nestlé today announced they will invest over €25m in a significant expansion of their research and development centre in Askeaton, Ireland, where they produce premium powdered milk-based products for infants, young children and mothers for export to world markets. The project investment is being supported...

Neths: DUTCH BUTTER AND WMP HIT 7yr LOWS

Dutch butter and WMP prices hit new lows again this week, with ZuivelNL (the Dutch Dairy Board) publishing cuts for both in today’s official dairy commodity prices. Butter is down €20 to €2,340/t and WMP is down €10 to €1,850/t—the lowest since 2009. SMP (food) was left...