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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

 

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