Global Dairy Trade Results Update – 9/17/19

Executive Summary Dairy product prices strengthened during the GDT event held Sep 17th. Highlights from the most recent auction include: The GDT Price Index increased 2.0% at the Sep 17th event, finishing higher for just the second time in the past nine events and reaching a four auction high, overall. Increases in prices within the Sep 17th event…

Uruguay to Export Dairy Products to China

URUGUAY – Uruguay will export 4,000 tons of dairy products to China under a trade agreement signed here, which was announced yesterday by the Foreign Ministry. Uruguayan Foreign Minister Rodolfo Nin Novoa described this as another link in the growing relationship with China, the country’s main trading partner, as well as ‘the sum of a…

Fonterra Maintains 2019/2020 Milk Price Forecast Despite Risks

NEW ZEALAND – Fonterra has maintained its current forecast farmgate milk price for the season, however has flagged some risks in the international dairy market. In a statement, the dairy co-op’s Chairman, John Monaghan said it had reviewed the 2019/2020 forecast in line with obligations under the Dairy Industry Restructuring Act (DIRA). “We have maintained…

Arla: Building Momentum During Rare Market Stability

EU – The first half of 2019 saw a rare stability in the otherwise volatile global dairy market resulting in stable prepaid milk prices to farmer owners across Europe. Arla delivered the cooperative’s highest performance price in three years, improved profitability and continued to deliver growth for strategic brands in both the European and International…