Sentences with phrase «expects global dairy prices»
Fonterra chief executive Theo Spierings expects global dairy prices will start to lift later this year.
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Fonterra Cooperative Group Ltd., the world's biggest dairy exporter, expects global milk prices to recover from their slump as China re-enters the market, Chief Executive Officer Theo Spierings said.
«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.
If Murray Goulburn cuts the farm gate price, other milk processors are expected to follow, given the co-operative's position as a price setter in the market and recent comments from its competitors that this season's price did not reflect global dairy conditions.
But he warned that could slide to $ 5.60 - $ 5.90 a kilogram if global prices for key dairy commodities did not improve as expected.
This compares with its prospectus forecast of $ 89 million, and previous warnings to investors that its net profit would be between $ 66 million and $ 86 million if global dairy prices didn't recover as expected.
Global dairy prices have fallen around 60 per cent since early 2014, mainly because of weaker demand from China after it stockpiled milk powder, and most analysts expect milk prices to stay low for some time.
This compared with its prospectus forecast of $ 89 million, and previous warnings to investors that its net profit would be between $ 66 million and $ 86 million if global dairy prices didn't recover as expected.
«It is still early in the season, and we expect continuing volatility as reflected in price improvements in recent Global Dairy Trade auctions.
Some pressure is still expected to build on global commodity prices in this year's second quarter, in line with the northern hemisphere milk peak, Rabobank's latest dairy quarterly says.
Analysts expect dairy prices to improve at this Wednesday's Global Dairy Trade auction after wet weather hampered the start of the peak months for milk producdairy prices to improve at this Wednesday's Global Dairy Trade auction after wet weather hampered the start of the peak months for milk producDairy Trade auction after wet weather hampered the start of the peak months for milk production.
Global dairy prices have fallen around 60 per cent since early 2014, mainly due to weaker demand from China after it stockpiled milk powder, and most analysts expect milk prices to stay low for some time.
An expected increase in global dairy production is unlikely to alleviate current industry concerns over high milk prices, according to findings by the US Department of Agriculture (USDA).
As supply increases from producers in the Southern hemisphere and demand growth slows the currently high global dairy prices are expected to ease somewhat, according to market analysts.
According to the company's SEC filings, food price increases during 2013 have made them more wary of the effects of global warming on their food, and the company expects there to be «additional pricing pressures on some of those ingredients, including avocados, beef, dairy and chicken during 2014.»