There is nothing new about the current high
dairy export prices in that the current levels are similar to earlier peak levels in 2007/08 and 2010/11.
The FAO added that export
dairy export prices have risen in other important export regions, including the European Union (EU) and the US.
Not exact matches
«The continued expansion of world demand, resulting from global population and economic growth and increasing preference for
dairy products are expected to be the main drivers, fuelling EU
exports and sustaining commodity
prices,» said the EC report.
Murray Goulburn, quite fairly to my mind, argues that this merger is all about
export rather than domestic markets and that the regulator misunderstands the co-op's basic driver, which is to pay
dairy farmers the highest possible milk
price.
The
prices have also been pushed northwards by a 3 per cent dip in New Zealand
dairy production, which accounts for 23 per cent of the global cheese
exports.
Mr Spierings said he could calculate a more accurate farm-gate
price based on Australia's
dairy exports, which is 40 - 50 per cent of total production.
The increase in cheese and
dairy prices has also helped cushion
exports from the relentless rise of Australian Dollar, which now buys 76 US cents, as against 55 US cents two years ago.
Increased demand from consumers such as Saudi Arabia and Russia, buoyed by strong oil
prices, coupled with
exports to traditional trading partners such as Japan, is benefiting the Australian
dairy sector, which has a 17 per cent share of global cheese
exports.
Demand for cheese in this country is steadily rising, but the high stockpiles and low
prices could make it especially hard for the US to
export its own
dairy products, a $ 5.2 billion per year industry.
The
dairy prices used in the FAO Dairy Price Index calculations are based on the exports of Fonterra - dominated New Zealand — the world's largest dairy expo
dairy prices used in the FAO
Dairy Price Index calculations are based on the exports of Fonterra - dominated New Zealand — the world's largest dairy expo
Dairy Price Index calculations are based on the
exports of Fonterra - dominated New Zealand — the world's largest
dairy expo
dairy exporter.
The first, and perhaps most egregious, of the non-tariff barriers erected on U.S.
dairy exports is Canada's new ingredient
pricing strategy that effectively blocks imports of ultrafiltered (UF) milk and many
dairy ingredients from the Canadian market.
One way of Canada has sought to achieve this is through employing a special class program that sets artificially low
prices for UF milk and other
dairy ingredients that disincentivizes the purchase imports from the United States and other markets and subsidizes Canadian
exports.
American
exports to Canada will increase, pay
prices in Canada will drop, and thousands of Canadian
dairy farms will go under.
«Rising global
dairy product
prices and improved
export earnings for processors will likely encourage local processors to increase farmgate milk
prices, boding well for the industry.
There is also the possibility that, following Brexit, the UK might eliminate all its import tariffs, allowing beef
exports from South America and lamb and
dairy exports from New Zealand to enter the UK market at much lower
prices than prevail at present.
Dairy products are New Zealand's largest commodity export and lower global prices are putting pressure on the nation's dairy farmers, weighing on the outlook for economic growth and putting dairy sector debt on the Reserve Bank's radar as a growing risk to financial stabi
Dairy products are New Zealand's largest commodity
export and lower global
prices are putting pressure on the nation's
dairy farmers, weighing on the outlook for economic growth and putting dairy sector debt on the Reserve Bank's radar as a growing risk to financial stabi
dairy farmers, weighing on the outlook for economic growth and putting
dairy sector debt on the Reserve Bank's radar as a growing risk to financial stabi
dairy sector debt on the Reserve Bank's radar as a growing risk to financial stability.
An essential reference and favorite publication of many, Trade Trends highlights monthly US
dairy imports and
exports, notable
export destinations and
pricing.
The Bord Bia report,
Export Performance & Prospects: Irish Food, Drink, and Horticulture 2012/13, estimated that the value of Irish
dairy and ingredients
exports fell by 2 % to $ 2.66 bn in 2012 - a decrease it attributed to a «significant softening in
prices» in the first half of the year.
Slowing economic growth in New Zealand's top
export market, China, and a global oversupply of milk products have seen
dairy prices plummet after reaching record highs in 2013.
The Belarusian Agriculture and Food Ministry has increased the minimal recommended
export prices for several kinds of
dairy products, BelTA has learned.
However, Bord Bia said prospects for Irish
dairy exports in 2017 look positive: Recovering global
dairy prices and increased demand from key global
dairy importers and anticipated stronger oil
prices should help
exports.
US
dairy commodity
prices dropped in December 2012, but low inventories and high
exports have left the market still looking «healthy.»
France's largest
dairy processor, Lactalis, wants the industry to introduce fixed
prices for
dairy products in order to cope with unstable markets and insulate against cuts to EU
export subsidies.
The Victorian farm gate milk
price is highly sensitive to
export prices for
dairy commodities, such as powders, in the international market.
Ireland's «highest ever»
dairy exports were aided by the closing
price gap between world and EU commodity markets, with full year figures forecast to reach $ 2bn, according to Teagasc.
The EU's
dairy management committee last week revoked subsidies on all
exported dairy products for the first time in 40 years, as increased demand amongst processors and consumers continues to drive up
prices.
Attempting to address the milk
price crisis, the EFRA Committee this week also recommended a European Union (EU)- wide review of the milk intervention
price, urged suppliers «to increase their market clout» by forming producer organisations, and urged the Establishment to help the British
dairy sector «tap more worldwide
export opportunities.»