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Latest news of the international dairy products market
Western Europe: in recent weeks, milk production goes up year on year; the price of whole milk and skim milk powder raised up. Production mainly ensure supply according to performance of contract. Butter and butterfat raise in price.
The steep rise in Whey powder price is because customers actively look for cost-effective lactoprotein and whey powder is the first choice.
New Zealand: heavy weather is still the major factor affecting milk production. Milk supply situation improves a little from the last quarter, but lower than expectation.
Australia: heavy weather continues. Typhoon and tropical storm swept away most parts of Australia. So, the expected milk production fell.