New Zealand’s Butter Prices Surge, Prompting DIY Churning
New Zealand, renowned as the world’s leading dairy exporter, is grappling with a domestic butter price surge of 65% over the past year, elevating the average cost of a 500g block to NZD $7.42. This escalation is attributed to global supply constraints and robust international demand, particularly from Asia and the Middle East, which have […]
U.S. Milk Futures Surge Amid Seasonal Demand
Class III milk futures in the United States have experienced a significant uptick, driven by seasonal demand and rising cheese prices. The surge is attributed to a combination of factors, including increased cheese exports and a shift in market sentiment that has replaced previous discounts with premiums. This positive momentum is further bolstered by tight […]
Global Dairy Prices Surge: WMP Hits Highest Since April 2022
In the latest Global Dairy Trade (GDT) auction, global dairy prices experienced a significant upswing, with the overall price index rising by 4.6% to an average of US$4,516 per metric tonne. This marks the most substantial increase in recent months, driven by robust demand and constrained supply. Whole Milk Powder (WMP), a key export product […]
Philippine dairy imports surged by 24.7%
Philippine dairy imports surged by 24.7% in the first nine months of 2024 to 2.71 million metric tons, according to the National Dairy Authority Imports accounted for 99.1% of the country’s total milk supply, the agency said Dairy imports’ value grew by 3.5% to P61.09 billion while the value of local milk production increased by […]
Mother Dairy expects 30 % demand surge this summer for milk products
Mother Dairy will launch this summer 30 new products, mainly in ice cream and yoghurt categories, as it expects a 25-30 per cent increase in consumer demand, a top company official said. Mother Dairy, a leading milk supplier in Delhi-NCR, has nine company-owned dairy processing plants with a total capacity of more than 50 lakh […]
Supply stable, no chance of milk price hike this summer in Indore
Adequate supplies of milk in summers in Indore region as against an average drop of 10 per cent every year has kept milk prices stagnant, giving respite to consumers from price rise. Every summer, milk cooperatives and private milk suppliers hike milk prices amid shortage in collection but this summer they have ruled out the […]