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Dairy Trends: Chinese dairy imports decline as demand wanes
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Dairy Trends: Chinese dairy imports decline as demand wanes

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Chinese dairy imports are showing signs of tailing off as we enter the back end of the year.
Chinese dairy imports are showing signs of tailing off as we enter the back end of the year.

In a further sign of the improving returns in global dairy markets, New Zealand dairy processor Synlait has increased its farmgate milk price forecast to $6/kg (30c/litre). This latest increase comes just days after Fonterra also lifted its forecast milk price to 30c/litre.

The rising milk price in New Zealand is a response to falloff in milk collections from farmers this season. In October, the month of peak milk supply in New Zealand, Fonterra’s milk collections were down 8.3% compared with last year.

However, while the tightening supply situation in New Zealand indicates that dairy prices should ...

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