I. New Zealand Futures Exchange (USD/Ton)
All varieties in New Zealand rose, with skimmed milk powder and unsalted butter trending strongly.
2. Chicago Board of Trade (monetary unit: US dollar)
U.S. dairy products are still highly likely to rise, with whey rising most pronounced.
3. European Commodity Futures Exchange (EUR/Ton)
European butter is jumping again, considering that the lack of milk should be the biggest driver, considering that the premise is based on the premise that skimmed milk powder is at a high level.
IV. Price Comparison of Spot Products in Major Markets (USD/Ton)
The cut in production in the first two months of the new season in New Zealand and the lack of milk in Europe have caused the growth of dairy products in these two regions much higher than in North America, and the United States has a demand to make up for the increase before the New Year.
V. Overview
Europe is currently in the global spotlight, keeping a close eye on whether the lack of milk caused by the current energy crisis will become the norm in Q1 next year.
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