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1. New Zealand Futures Exchange (USD/ton)
Due to the decline in forward milk prices, New Zealand dairy products fell overall last week, especially the recent continued strength of whole milk powder and butter, which also showed a rare decline.
2. Chicago Board of Trade (Currency: USD)
Although there was no more interest rate cuts in March, strong employment and consumption data still greatly boosted US products, especially butter, which rose sharply again. 3. European Commodity Futures Exchange (EUR/ton)
Prices in Europe have rebounded sharply this week, and skimmed milk powder has also risen.
Spot prices for major industrial cheese varieties in Europe (Ex-works, EUR/ton):
Adult cars fell sharply, and other varieties rose and fell.
4. Comparison of spot product prices in major markets (USD/ton)
With the exception of whole milk powder, the overall level of Oceania has reached or exceeded the spot quotation level in other regions.
5. Overview
The domestic demand for dairy raw materials began to shrink, and the powder spraying began on a large scale again, and the end or reversal of the downward adjustment of New Zealand futures can only depend on the effectiveness of the real demand in Europe and the United States, of which the influence of the United States will be greater.
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