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New Zealand dairy exports hit record high in June

Compared to the same period the previous year, in June this year New Zealand dairy exports increased in volume with regard to the following products: whey powder (+180.4%), infant formula (+133.7%), skimmed milk powder (+69.4%), cheese (+35.2%), butter (+25.2%), whole milk powder (+15.6%) and casein (+3.9%).

Infant formula exports continue to boom having registered a superb increase of 114.3% compared to the same period in 2015. However the most interesting figures regard whole milk powder and skimmed milk powder. Whole milk powder registered a decrease of 3.3% in the number of tonnes exported compared to the first half of 2015, but the most worrying figure regards the decrease in value (- 21,5%; 1,523,718.000 dollars against 1,942,037.000 in 2015). In the face of a 8.2% increase in terms of volume (200,974 tonnes in 2015 to 217,343 in 2016), skimmed milk powder registered a heavy 20.8% decrease in terms of value (530 million in 2015 to 420 million in 2016).

This difference between volume and value concerns practically all exported products. Apart from previously mentioned whole milk powder and casein and caseinates (which also registered negative results in terms of volume), as well as infant formula, condensed milk (+64.4% in volume and +25% in value), packaged milk and cream (+45.8% in volume and 29.5% in value), which registered positive results both in volume and value, all other products registered negative figures as far as value is concerned. In addition to the previously mentioned skimmed milk powder, there are cheeses (+9.4% in volume and -2.4% in value), yoghurt and buttermilk (+7.4% in volume and -32.2% in value) and whey powder (+17.3% in volume and -21.4% in value).

This data speaks for itself: in the face of good demand in the market in the first half of 2016, there has been a general decrease in prices compared to the same period the previous year.