1. New Zealand Futures Exchange (USD/ton)
With the fall of the GDT, New Zealand's dairy products have rebounded across the board, with whole milk powder and butter rising in particular.
2. Chicago Board of Trade (Currency: USD)
U.S. dairy products were mixed, with the main contract topping $3/lb to hit a six-year high.
3. European Commodity Futures Exchange (EUR/ton)
European products followed suit.
Spot prices for major industrial cheese varieties in Europe (Ex-works, EUR/tonne)
European cheese was mixed, weaker than other varieties overall.
4. Comparison of spot product prices in major markets (USD/ton)
Three regions resonated to the upside, with U.S. dairy once again leading the way.
5. Overview
At the end of the Oceania production season, dairy products in various countries once again started a round of upward pace, but the dilemma of domestic milk surplus has not been solved, and the risk of building a high position is still large.