Meteoric rise in international dairy prices

Breathtaking gains in dairy prices in Fonterra’s latest global auction had a feel of a short squeeze with aggressive bids and few offers. In particular, a genuine lack of free containers for maritime transit has hurt spot availability. Chinese buyers returned to the market [...]

Global dairy strength propping up domestic market

In Fonterra Global Dairy Trade online auction events of the last two months, prices for dairy products have surged just over 16 percent. Last week’s event was no exception, with prices advancing up an impressive 4.8 percent overall. Category leaders included anhydrous milkfat (up [...]

Global dairy markets exhibit signs of life as New Zealand enters flush

After spending the last two months in negative territory, global dairy prices surged forward in the latest Fonterra Global Dairy Trade auction on Sep. 15. On decent volume of 33,791 MT of products offered, prices across the complex moved up 3.6 percent, the best [...]

Mixed result in most recent Global Dairy Trade auction

The June 2 event on Fonterra’s Global Dairy Trade platform yielded mixed results with powder categories rising while butterfat-laden products fell. The biggest increases were seen in buttermilk powder (up 9.4 percent) and whole milk powder that rose 2.1 percent. Skim milk powder was [...]

One-two punch leaves dairy down for the count

Apr. 21 saw two bits of fresh news that left no doubt of continued pain for the dairy sector, with Fonterra’s GDT auction results down 4.2 percent followed by USDA’s milk production report showing continued growth in milk production in a market already woefully [...]

New Zealand dairy: Out like a lamb, in like a lion

Three weeks ago, in the heaviest time of the year for milk deliveries and production, the Global Dairy Trade auction registered broad-based weakness across the dairy complex. Prices in most categories fell just over 5 percent at that event as heavy volumes and lower [...]

Surge in international dairy prices to new highs

Prices advanced by 3.7 percent in Fonterra’s biweekly auction, the largest jump since February. Nearly 200 participants secured 38,681 MT of products, with many achieving near-record prices for 2019. Most products appreciated in price with the notable exception of cheese and lactose. Core products [...]

Dairy prices show significant sign of weakness in 2019

Modest bearish moves in dairy auction prices two weeks ago (May 21) gave way to more substantial downward movement in prices this past week. Fonterra’s Global Dairy Trade platform registered a 3.4 percent decrease in its dairy product price index this past week on [...]