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 [...]

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 [...]

Dairy coin lands protein-side head’s up; fat down

New Zealand co-op Fonterra’s latest auction on the Global Dairy Trade portal brought mixed results to the dairy complex. While all protein heavy ingredients like rennet casein and skim milk registered price gains, most of the fat complex trended lower. Casein prices rose 4.6 [...]

Weather continues to support bullish trend in Oceania dairy prices

Results from Mar. 5 GDT auction showed continued resilience for the bullish trajectory of prices out of New Zealand. Across dairy ingredients, prices were up on average 3.3 percent, with particular strength in fat-containing products. Two core export commodities of Fonterra, anhydrous milkfat and whole [...]

Sugar tax roundup

After backing California into setting a ban on local sugar taxes by threatening to bring forward an initiative to ban most local taxes, opponents of soda and beverage taxes are using ballot initiatives in a slightly different tactic in Washington state. According to reports, [...]