The two major countries in Oceania are still seeing mixed results. Milk production in Australia, in January, decreased by 5,9% compared to the same month of last year. (data Clal)
On the other hand, favorable weather conditions in fall in New Zealand might favor a better-than-expected milk production.
As for butter, minimum price
A decidedly negative period for two of the major Countries in Oceania, Australia and New Zealand. In Australia, Murray Goulburn, one of the major Australian milk processing companies, keeps reporting financial losses referred to the period July - December 2016, in view of a 5% decrease in collected milk (source: clal.it)
In
In Oceania limited milk production is sustaining prices in the dairy sector.
In Australia, where the summer is drawing to an close, the availability of milk is still limited.
Milk production dropped in the second half of last year both in Australia (-8.55% in the July-December period compared to the same period
2016 ended with a fall in milk production for Australia and New Zealand, the two main countries of Oceania; Australia lost 10.29% in the July-October period of 2016 compared to the same period the previous year and New Zealand reported a decrease of 3% over a longer period – from
Milk production from countries with the highest export volume has sensibly decreased, from the 2,6 million tons of the second half of 2016, especially milk stocks coming from Oceania and Europe. Moreover, if we take into account the fact that internal demand in the United States and Europe has been
The new season has not started in the best of ways in Oceania’s two main countries and Australia is in a decidedly worse position than New Zealand. This year milk production in July was down by 10.3% compared to the same month the previous year. And the forecast is not rosy
Brexit, i.e. the departure of the United Kingdom from the EU, raises questions about the future for both the UK and Europe. And the issue is not purely financial as immediate problems may regard the markets, particularly the agricultural and food sectors and therefore also the dairy sector. The UK, in
Dairy prices are rising in the countries of Oceania albeit unevenly. In Australia the increase is also due to the weather which has been characterised by rainfall throughout the southern regions and dryness and drought in the north. This has brought relief to milk manufacturers in the south given that
