Friday 4 November
UFU MPI: 44.40ppl (was 46.36ppl) – GDT All Product in New Zealand slipped three-point-nine percent this week and there were also falls in dairy commodity prices in Dutch markets, with butter back €250/tonne to €6150 and whole milk powder was down €220 to €4450/tonne. Global negativity being driven by China where they are fully stocked with key products including whole milk powder. Downard pressure on price also being generated by a recovery in milk production volumes. All eyes now on demand which will drive direction in Q1 2023.
Friday 21 October
UFU MPI: 46.36ppl (was 47.56ppl) – The last fortnight saw a weakening of dairy commodity prices. In New Zealand, the GDT all product index slipped four-point-six percent to $3723/tonne. In Europe Dutch butter prices weakened back €420/tonne meanwhile closer to home, UK mild cheddar was down £50/tonne to £4900, its first drop since July and Mozzarella was back by £200/tonne.
Friday 7 October
UFU MPI: 47.56ppl (was 48.19ppl) – This week saw New Zealand GDT average prices fall by three-point-five percent, having recorded consecutive increases for the last two events. At ZuivelNL/Dutch Dairy Board. butter was back €100/tonne to €7,120, SMP (food grade) slipped €50 to €3630/tonne and whey power was €940, down €20/tonne on last week.
Friday 30 September
UFU MPI: 48.19ppl (was 47.11ppl) – Despite slow sales, dairy commodity prices remain high. In New Zealand, the GDT all product index rose by two percent to $4072, the second successive increase. Cheddar cheese was up two-point-one percent to $5147/tonne and WMP increased by three-point-seven percent to $3733/tonne. ZuivelNL/Dutch Dairy Board saw prices remain unchanged apart from feed grade SMP which increased €30/tonne to €3580.
