Displaying items by tag: dairy markets

Anybody watching international dairy markets knows it’s a bad time to try to move product.

The downturn in dairy prices is affecting confidence in the sector.

International dairy markets remain depressed, with abundant supply and lacklustre demand continuing to weigh on pricing. 

From Kentucky family farms to Californian ‘mega dairies’, there is one thing on the mind of US dairy farmers – milk price. In California this is driving many to nuts.

The Chinese bought a one year supply of milk powder from world markets then suddenly stopped buying, Alltech’s chief innovation officer, Aidan Connolly, says.

More bad news for dairy farmers as the latest Global Dairy Trade auction saw the average price index slip by 2.2% to $2,472.

The Reserve Bank says the outlook for global milk prices is highly uncertain and the financial stress on the dairy industry could rise markedly if prices remain at current low levels in the 2015-16 season.

Not all Irish farmers see the lifting of the Common Agricultural Policy (CAP) subsidies as a panacea.

Despite last week’s drop in this season’s expected milk payout by both Fonterra and Westland there are positive – albeit slow – signs about the future outlook for dairy prices.

Dairy farmers are still wary despite three successive lifts in global dairy auction prices.