Executive director of the Global Dairy Platform, Donald Moore, recently told an Australian audience that the biggest future threat to the world dairy industry could be synthetic milk.
There’s always a lot of local media coverage about the price of milk and how it’s hurting farmers. When global dairy trade is discussed it’s all about whole and skim milk powder.
THE Australian dairy export index retreated slightly this week, down 0.7% due to a higher Australian dollar and despite stronger butter prices.
The Australian dairy export index jumped this week, a weaker Australian dollar combining with mostly higher commodity prices to add 9%.
THE Australian dairy export index declined slightly this week following three consecutive rises but only because of a stronger Australian dollar.
THE Australian dairy export index retreated slightly as commodity spot quotes were steady and the Australian dollar climbed once again.
THE positive trend in our Australian dairy export index ended this week as butter ended its bullish run and the currency climbed.
THE Australian dairy export index improved for the third consecutive week, boosted by stronger spot quotes from butter exporters as well as a weaker Australian dollar.
THE Australian dairy export index rose for the sixth consecutive week, gaining 0.3% as a result of another dip in the local currency against the US dollar.