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Dairy Australia Fortnightly Update 10/01/2014

Dairy Australia Fortnightly Update

Categories: Dairy, Commodities

Key points for the fortnight ending 15/11/2013 include:

  • Most dairy commodity prices were up at the 7 Jan. GlobalDairyTrade (GDT) auction (event 107), but lower prices for SMP, WMP and AMF saw the index fall by 0.8%.
  • US milk production is expanding slower than may have been expected.
  • Fonterra yesterday confirmed that Danone has formally initiated legal proceedings following the whey protein concentrate precautionary recall initiated by Fonterra in Aug. 2013.
  • Saputo (SAP) this morning extended its $9 per share cash offer for Warrnambool Cheese & Butter (WCB) until 7PM, 22 Jan.
  • United Dairy Power (UDP) has re-emerged as the subject of a sale.

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 Limited 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 Limited ABN 74 083 938 416 AFSL 238042.