I. New Zealand Futures Exchange (USD/Ton)
New Zealand varieties of performance is eye-catching, all varieties are up, especially the milk fat products that have been stagnant for 2 weeks in the early stage are actively traded, and the volume and price increase.
2. Chicago Board of Trade (monetary unit: US dollar)
U.S. dairy products rose more or fell less, only butter fell, other varieties rose mainly, whey and skimmed milk powder rose fiercely.
3. European Commodity Futures Exchange (EUR/Ton)
European butter and skimmed milk powder continue to rise strongly, prices have broken through the year's new highs, and the unsealing of the epidemic superimposes the rise in production costs, and the rally is significant.
IV. Price Comparison of Spot Products in Major Markets (USD/Ton)
Overall, European dairy prices are now ahead of other regional products, and the export market for EU products is expected to have greater difficulties in the coming year.
V. Overview
Europe's energy shortage and the consumption rebound brought about by the unsealing of the epidemic are the main reasons for the current round of market conditions in Europe, and it is difficult to have a decent correction in the fourth quarter.
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