Global dairy market: rising milk prices, rising demand in China and falling imports in Mexico

Published 2020년 8월 10일

Tridge summary

The international farm analysis network IFCN discussed the current situation in global and regional dairy markets during a webinar, highlighting a 5% increase in the world milk price in July 2020, the first rise since February 2020, attributed to the recovery of dairy product demand, higher stock exchange prices, and increased imports, particularly from Asian countries. However, prices may be inflated and a period of low dairy prices in 2020 is likely, as indicated by a recent 5.1% decrease in the New Zealand exchange's price index for dairy products. The COVID-19 pandemic significantly impacted dairy markets, with the United States and India experiencing the most disruption. Meanwhile, China is showing positive signs for the global dairy market, with increased demand and plans to establish mega-farms, despite challenges faced by other countries in achieving milk self-sufficiency.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Stock quotations and reality? Analysts and partners of the international farm analysis network IFCN discussed the current situation in the global and regional dairy markets during the webinar. According to the analytical network IFCN, the price of milk in the world market in July 2020 was 36.7 dollars per 100 kg (26.16 rubles per kg, for comparison, the average INDEX DIA in July was 26.75 rubles per kg, 0.11% lower than in June 2020). The price of milk in July according to IFCN data is 5% higher than the June 2020 price, the price began to rise for the first time since February 2020. The key growth factor is the recovery of demand for dairy products, the growth of prices on the stock exchange, and the growth of imports from Asian countries. Prices for exchange-traded dairy products in July reached the level of 33-35 dollars per 100 kg. At the same time, according to IFCN analysts, prices on the exchange may be seriously inflated, as well as expectations about the revival of ...

Source: Dairy