Dairy markets remain positive but of course are not without risk.
ADVERTISEMENT
In terms of supply, France, Germany and the UK declined in August as heat stress impacted supplies and when these big three suffer European milk supply suffers. At this time of the year New Zealand milk is increasing but numbers show it’s about on par with last year’s supply.
Retail sales of cheese and butter continue to beat expectations – and interestingly powder demand – in the African countries remains high despite the oil price crash. Globally, exports have been higher this year with total exports up 1% year on year.
The cheddar market has been more active with pricing stable to firm
ADVERTISEMENT
Futures are indicating butter prices will remain stable through the autumn and into next year with powder prices also firming slightly. The cheddar market has been more active with pricing stable to firm. At the trading auctions there are more green upwards arrows than anything else and that is helping confidence and market sentiment.
The risk for the industry is the ongoing COVID-19 risk that overhangs the market. This could strike in terms of shifting demand patterns as restrictions impact in different parts of the world. However, the market has proved very resilient and North Asia, the Middle East and South East Asia continue to be big players in the market. Like most other regions, while there might be COVID-19 concerns there remains plenty of activity and purchasing power.
Register for free to read this story and our free stories.
This content is available to digital subscribers and loyalty code users only. Sign in to your account, use the code or subscribe to get unlimited access.
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
CODE ACCEPTED
You have full access to the site until next Wednesday at 9pm.
CODE NOT VALID
Please try again or contact support.
In terms of supply, France, Germany and the UK declined in August as heat stress impacted supplies and when these big three suffer European milk supply suffers. At this time of the year New Zealand milk is increasing but numbers show it’s about on par with last year’s supply.
Retail sales of cheese and butter continue to beat expectations – and interestingly powder demand – in the African countries remains high despite the oil price crash. Globally, exports have been higher this year with total exports up 1% year on year.
The cheddar market has been more active with pricing stable to firm
Futures are indicating butter prices will remain stable through the autumn and into next year with powder prices also firming slightly. The cheddar market has been more active with pricing stable to firm. At the trading auctions there are more green upwards arrows than anything else and that is helping confidence and market sentiment.
The risk for the industry is the ongoing COVID-19 risk that overhangs the market. This could strike in terms of shifting demand patterns as restrictions impact in different parts of the world. However, the market has proved very resilient and North Asia, the Middle East and South East Asia continue to be big players in the market. Like most other regions, while there might be COVID-19 concerns there remains plenty of activity and purchasing power.
If you would like to speak to a member of our team, please call us on 01-4199525.
Link sent to your email address
We have sent an email to your address. Please click on the link in this email to reset your password. If you can't find it in your inbox, please check your spam folder. If you can't find the email, please call us on 01-4199525.
ENTER YOUR LOYALTY CODE:
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
SHARING OPTIONS