Middle East demand cushions global dairy price drop at latest GDT auction
The upheaval in the Middle East may have eased the fall in global dairy prices last week.
The largest milk powder producer in the US, DairyAmerica is coming back to Global Dairy Trade (GDT), re-launching skim milk powder on July 16.
The federated marketing company represents four major US producer owned dairy cooperatives.
It last traded on GDT during 2011 to 2014.
Chief executive Dan Block says “ongoing change in digital technology, customer needs and international trading arrangements means that DairyAmerica continually reviews its sales strategy to ensure we provide more options to our customers”.
“We have always viewed GDT as playing a positive role in the international market and now is the right time for DairyAmerica to expand contracting choices with the GDT Events platform.”
GDT director Eric Hansen welcomed DairyAmerica’s return to GDT Events and says during its former participation it successfully sold large quantities of skim milk powder (SMP) to a diverse range of buyers.
“Compared to when they previously participated on GDT, we can now provide DairyAmerica with more choices over who sees their supply information and how their winning prices are published,” Hansen says.
“We look forward to working with DairyAmerica once again and providing access to a truly global and diverse pool of active buyers to achieve credible price discovery for their products.”
DairyAmerica members include Agri-Mark Inc, California Dairies Inc, O-AT-KA Milk Producers Inc and United Dairymen of Arizona.
DairyAmerica markets 100% of the SMP, nonfat dry milk (NFDM) and buttermilk powder (BMP) produced by its members. It is the single largest US supplier of these products, reaching at least 50 countries.
New Zealand’s trade with the European Union has jumped $2 billion since a free trade deal entered into force in May last year.
The climate of uncertainty and market fragmentation that currently characterises the global economy suggests that many of the European agricultural machinery manufacturers will be looking for new markets.
Dignitaries from all walks of life – the governor general, politicians past and present, Maoridom- including the Maori Queen, church leaders, the primary sector and family and friends packed Our Lady of Kapiti’s Catholic church in Paraparaumu on Thursday October 23 to pay tribute to former prime Minister, Jim Bolger who died last week.
Agriculture and Forestry Minister, Todd McClay is encouraging farmers, growers, and foresters not to take unnecessary risks, asking that they heed weather warnings today.
With nearly two million underutilised dairy calves born annually and the beef price outlook strong, New Zealand’s opportunity to build a scalable dairy-beef system is now.
Bank of New Zealand (BNZ) says it is backing aspiring dairy farmers through a new initiative designed to make the first step to farm ownership or sharemilking easier.
OPINION: Voting is underway for Fonterra’s divestment proposal, with shareholders deciding whether or not sell its consumer brands business.
OPINION: Politicians and Wellington bureaucrats should take a leaf out of the book of Canterbury District Police Commander Superintendent Tony Hill.