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.
AFTER four successive price increases, global dairy prices dipped slightly in Global Dairy Trade auction overnight.
CHINESE NATIONAL holidays could have affected last week’s Global Dairy Trade auction, in which the overall price index was down 3%, say economists.
DAIRY analysts are tipping global milk prices may have turned a corner overnight with the Global Dairy Trade (GDT) price index up over 12.7%.
IN some much needed positive news for dairy farmers, the Global Dairy Trade Price Index rose 3.4% overnight.
THE Australian dairy export index recovered a little ground this week, after commodity prices remained unchanged other than for Whole Milk Powder (WMP), which lost US$25/t to average US$2,375/t.
The gains in the barometer came entirely from a weaker A$ late last week ahead of the expected lift in US interest rates. The weaker dollar lifted the index by 3 points to 157.3, a 2% rise.
Note: - The index is an indicator of spot trends in gross export returns to the Australian dairy industry based on quoted Australasian dairy commodity export spot prices, movements in currency and the mix of total milk usage in product exports by the Australian industry.
This index was set at 100 on 1 January 2000. Visit www.freshagenda.com.au for more details.
AS we approach Christmas, we can at last talk about a brighter outlook for the global dairy market around the corner.
THE Australian dairy export index had a quiet week, losing a little ground with a slight rise in the Australian dollar over the past week.