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Dairy Australia Fortnightly Update 21/02/2014

Dairy Australia Fortnightly Update

Categories: Dairy, Commodities

Key points for the fortnight ending 21/02/2014 include:

  • GlobalDairyTrade event 110 concluded this week with the GDT Price Index down 1.2%.
  • DairyAmerica and Fonterra have confirmed they will not renew the export agreement that for the past 13 years has seen Fonterra act as DairyAmerica’s SMP export agent.
  • US milk production data for January confirmed a modest increase of 0.9% in milk production for that month compared with January 2013.
  • Fonterra has announced further expansion works, with NZ$32m to be spent boosting sliced cheese capacity at its Eltham plant in NZ.
  • Bega Cheese (BGA) announced its results for the first half of financial year 2014.
  • Murray Goulburn (MG) also announced half-year results, along with its fourth farm gate price step-up of the season.

Source: Dairy Australia


Disclaimer: Whilst all care has been taken in compiling the information, the information should not be relied upon as substitute for professional advice where necessary. Rural Bank accepts no responsibility for the accuracy, completeness or timeliness of the information and disclaims all liability in relation to any loss or damage suffered by the use of or reliance upon any information contained herein or in any attachment or annexure hereto by any person. Rural Bank – A Division of Bendigo and Adelaide Bank Limited ABN 11 068 049 178 AFSL 237879