I. New Zealand Futures Exchange (USD/Ton)
New Zealand varieties rose in all kinds of mixed terms, with unsalted butter rising the most.
2. Chicago Board of Trade (monetary unit: US dollar)
U.S. dairy products rose and fell, skimmed milk powder, whey cheese have all retreated, and butter has risen sharply again.
3. European Commodity Futures Exchange (EUR/Ton)
The differentiation of European butter and skimmed milk powder means that under the high oil price, nonfat milk powder will have a certain amount of floating space in the future.
IV. Price Comparison of Spot Products in Major Markets (USD/Ton)
It is worth noting that the increase in cheese in the three major regions is much weaker than that of other varieties, and whether there is an opportunity to operate in the coming year is worth paying attention to.
V. Overview
Milk production in Europe is expected to recover in Q1 2022, when the currently high bulk prices will diverge, and buyers who are now entering European forward arrivals should pay attention to the risk of a sharp correction.
---- advertising is also a kind of information----