Cluss added that the seasons are having a bigger and bigger effect on
global dairy prices as Oceanic countries fill the gap left by falling EU production.
Not exact matches
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.
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.
In the past 12 months, the
price of
global dairy commodities has tumbled 45 per cent, compared with Murray Goulburn's cut to the farm gate
price of
as much
as 15 per cent.
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.
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.
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.
As a result,
global dairy prices have rocketed upwards, increasing by over 45 % in the second half of 2016.
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.
New Zealand
dairy company Fonterra said its interim profit more than doubled
as low
global milk
prices gave the company a boost but dragged on farmers» incomes.
New Zealand
dairy company Fonterra said its interim profit more than doubled
as low
global milk
prices cut costs for consumer products.
UK farming union pleas calling on
dairy companies and cooperatives not to talk down the market may fall on deaf ears,
as indicators from Australia suggest the
global economy is dictating farm gate
prices.
Glanbia is revising its 2010 earnings per share guidance upwards
as figures from the
dairy ingredients business improve with the recovery in
global dairy prices.
The
global dairy market will offer strong growth prospects in the coming five years, but the uneven spread of this market expansion and an era of elevated
pricing will create
as many challenges
as opportunities for key players along the
dairy supply chain.
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.
Global dairy prices could dip in the coming months
as Chinese and Russian demand falls but any downward movement is likely to be limited, according to Rabobank.