Global dairy prices at the top, but with clouds

게시됨 2022년 7월 18일

Tridge 요약

The article explains the factors contributing to the rise in dairy prices, including the war in Ukraine, increased fertilizer costs, and drought in South America. New Zealand, a major dairy exporter, has seen significant price increases in butter, skim milk powder, and cheddar cheese. Factors such as reduced milk production, high costs, and supply chain challenges are leading to global supply shortages. China's appetite for New Zealand dairy is increasing, despite efforts to protect the country from rising costs. The Rabobank report suggests that China's consumption of dairy could significantly impact the market, as it accounts for about 25% of global dairy consumption.

면책 조항: 위의 요약은 정보 제공 목적으로 Tridge 자체 학습 AI 모델에 의해 생성되었습니다.

원본 콘텐츠

In late April the stars aligned. The war in Ukraine, the increase in fertilizers, the stagnant production of the United States and the drought in South America. Everything worked in favor of raising dairy prices. You need to look at the numbers from New Zealand, the engine of dairy exports. In April, the ton of butter from that country reached US$ 6,975, an increase of 21.8% compared to the same date in 2021. If the comparison is extended to two years, the increase is 65.6%. The trend is repeated with skim milk powder and New Zealand cheddar cheese, which in April reached $4,613 and $6,350, respectively. To put those numbers into perspective, in early 2018, Oceania skimmed milk powder was worth just $1,775 a ton, while cheese was worth just $3,388. With the arrival of May, international prices began to show a slight deceleration, but always looking at historical levels. What happens abroad ends up affecting the results of local producers. Therefore, the eyes of the sector are not ...

출처: Milkpoint