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1. New Zealand Futures Exchange (USD/ton)
GDT milk powder, which barely closed in the red, failed to support the price of futures milk powder, and the price of whole milk powder fell back to around $3,000 for the second consecutive week. 2. Chicago Board of Trade (Currency: USD)
Tertiary milk in the U.S. rebounded sharply, while skimmed milk powder was sluggish.
3. European Commodity Futures Exchange (EUR/ton)
Milk production in Europe climbed, while butter and skimmed milk powder fell.
Spot prices for major industrial cheese varieties in Europe (Ex-works, EUR/tonne)
Cheese prices in Europe continued to rise slightly. 4. Comparison of spot product prices in major markets (USD/ton)
The price-performance advantage of U.S. cheese is expected to have an impact on other markets.
5. Overview
New Zealand whole milk powder and skimmed milk powder, the second consecutive week of falling, GDT's slight rise basically did not have an impact, and the volume is gradually expanding, it is expected that this round will still find support near $3,000, but considering that the next production season is imminent, it is estimated that the auction price of milk powder will have greater pressure from July.
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