Market Commentary – February 2018 +
Despite finishing 2017 on a bearish note, dairy markets have seen something of a consolidation in January, including some modest price increases. The tightening supply outlook from New Zealand has contributed to this. New Zealand has faced challenging seasonal conditions, experiencing a very wet, cold winter and since then severe heat and rainfall deficits, with drought being declared in parts of both the North and South Island. This has led Fonterra to reduce forecasted offer volumes, leading to buyer concerns about availability of NZ product, leading to two successive gains on Global Dairy Trade (GDT) in January.… Read More
Dairy Australia activities 2017 +
Dairy Australia’s trade team has been busy in 2017, promoting Australian dairy all around Asia and the Middle East. The team held seminars, cooking demonstrations, alumni dinners and workshops in Australia’s major export markets, building on existing and forming new relationships. Another three scholarship programs were held in Australia in 2017, with a total of 54 participants from Greater China, Japan, South Korea and South East Asia.
Dairy Australia Scholarship – South East Asia program (February 2017)
Running for the third time, the South East Asia scholarship program attracted 16 dairy professionals from Malaysia, Singapore, the Philippines, Vietnam, Myanmar, Indonesia as
Market commentary November 2017 +
Signs of downward pressure are beginning to emerge in dairy commodity markets. Butter prices – until recently at record highs – have fallen sharply in European markets over the past month. Skim milk powder (SMP) prices remain near 10 year lows, and conflicting signals from the European Commission relating to its 380,000 tonne stockpile have sent jitters through the market. Acceptance of bids at well below market prices small parcels of product, and uncertainty about the commencement or duration of fixed price buying in the new season (from March) are raising fears that the price floor may not be sustained, with potential… Read More
New country of origin labelling for Aussie dairy +
Customers buying Australian dairy products may soon see changes in country of origin labelling.
Australia has made changes to country of origin labelling for products sold in Australia in response to a strong consumer desire for clearer and more consistent information.
This is a domestic scheme, but some Australian dairy companies may use this labelling for the products they export. Others will continue to make the same statements about their Australian origin that they currently use.
The main change to current requirements is that the labels for most food that is grown, produced or made in Australia must include a… Read More
Situation and Outlook June 2017 +
Australian dairy farmers hit by farm-gate price cuts and tough seasonal conditions in the last 12 months can be cautiously optimistic about improvements for the season ahead. Dairy Australia latest Situation and Outlook report found the difficult 2016/17 season experienced by some farmers in the southern export focused states caused cashflow management challenges that impacted on farmer confidence and milk production. However, Dairy Australia Senior Analyst John Droppert said the broader market provides some positivity with costs for major inputs contained and most farmers current milk price forecasts improved on 2016/17 levels. Confidence about the future of the dairy industry… Read More
Dairy Situation and Outlook October 2016 +
New Zealand, Australia, and (increasingly) Europe are seeing milk production track below year-ago levels. Demand is presenting a mixed picture, with China returning to growth, while other markets are more sluggish. Buyers have been more actively seeking product, but resistance to further price increases is building. On balance, further recovery into 2017 is likely, albeit overlaid with ongoing price volatility.Read More
The Dining Boom +
Australia’s food and wine industry is the next big thing in China
Out on Cape Grim, waves roll in from 10,000 kilometres of unbroken ocean to crash at the north-western tip of Tasmania. This was where David Beca, chief executive officer of the Van Diemen’s Land Company, was showing me relics of the farming enterprise’s savage start.
We drove out from Smithton, the main town nearby. The road went past a grand gateway – now disused – and turned to dirt. The company’s first sheep station was established here in 1827. We passed through a group of Georgian-style buildings that once housed… Read More
From mining to dining: Can Asia save Australian farmers? +
East Asian demand for Australia’s food and wine has put a smile back on the face of many farmers. The next battle: turn a cyclical boom into a sustainable export expansion.
In the notoriously fickle business of farming, optimism is slowly returning. Rising East Asian incomes, falling trade barriers and Australia’s clean-food reputation are fuelling a boom in overseas demand for the nation’s red meat, wine and a surprisingly wide range of other produce.Read More