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1. New Zealand Futures Exchange (USD/ton)
New Zealand dairy products fell across the board, and the decline in whole milk powder was greater than that of skim milk powder.
2. Chicago Board of Trade (Currency: USD)
U.S. butter continues to rise, and the overall supply of annual production is insufficient, and the demand for milk fat remains unmet. 3. European Commodity Futures Exchange (EUR/ton)
Europe's butter and skimmed milk powder have fallen again, and supply shortages due to shrinking consumption due to high inflation and insufficient milk production have come and gone, and now it looks like shrinking demand is prevailing.
European cheese chart
Cheese rises significantly.
4. Comparison of spot product prices in major markets (USD/ton)
Dairy prices in the U.S. region, which had been in correction for a while, are once again back at the same level as other regions. 5. Overview
The market generally believes that the price decline caused by the start of the new season in New Zealand has just begun, and the recovery of demand in major import areas still shows no obvious signs, and caution will be the mainstream operating ideology in the second half of the year.
Picks:
●Debt-ridden, Bright Dairy's subsidiary is in trouble
●Heavy! Fonterra announces the divestiture of its consumer products business and the departure of its CEO for Global Markets
● Mengniu Dairy suddenly changed its leadership, and the new head came from COFCO Coca-Cola
Forum:
●The "2024 Dairy Beijing Forum" hosted by Dairy Online was successfully held
●The "2023 Cheese Industry Innovation and Development Forum" hosted by Dairy Online was successfully held
Cheese Talking大奖：
●“Cheese Talking” 最受期待奶酪产品大奖名单公布
●“Cheese Talking”奶酪产品十佳榜单公布
Bulk Dairy Trader Grand Prix:
●Leaderboard | The 2nd Bulk Dairy Trader Grand Prix (8th Batch Points Announced)
Report:
●Analysis and Forecast of China's Dairy Industry Development Situation (2023-2024)
●Report | China's dairy market outlook for 2023
●Report | Research report on the development and investment of China's cheese market
Live broadcast:
●Live | Dairy market trend outlook for 2023
●Live | Dairy raw material trade practice
●Live | Trends and innovations in the dairy industry in the digital age
●Live | How the dairy industry is responding to global inflation2
●Live | How the dairy industry is responding to global inflation1
●Application | Inaugural Best Dairy Trader Grand Prix
●Report | 2022 Dairy Trends White Paper
GDT：
●2024 GDT Tender Time Reminder
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