Fonterra's NZ milk up 8%

11 Jun, 2014 10:06 AM
Comments
0
 
Fonterra has reported a shift in supply and demand in the past few months.
Growth in imports of dairy products into China were up 39% for the 12 months through to Feb 2014.
Fonterra has reported a shift in supply and demand in the past few months.

FONTERRA'S milk collection across New Zealand for the 12 months to May 31 is 8% higher than the 2012/13 season, but in Australia it is 2% lower for the season to date.

In its Global Dairy Update released yesterday, the dairy giant reports its NZ milk collection for the NZ 2013/14 season reached 1584 million kilograms milk solids (kgMS), 8% higher than the 2012/13 season.

However, milk collection for the Australian season (which doesn't finish until June 30) has so far reached 112 million kgMS, 2% behind the same period last season as a result of below-average spring conditions.

Fonterra reports while NZ farmers experienced varied conditions across the country in the 2013/14 season, a mild winter and spring ensured a good start to the season.

Fonterra's milk collection in NZ just for the month of May 2014 was 61m kgMS, up from 49m kgMS for May 2013.

In Australia, May milk collection for 2014 was 9m kgMS, up from 8m kgMS for May 2013.

In its global dairy overview, Fonterra reports a shift in supply and demand in the past few months is indicating that volatility continued to exert influence over the global outlook for dairy. Prices have come off the peak reached in February this year.

"Fonterra's assessment of published industry statistics indicates that total dairy exports have reached 14.2 million million tonnes, up 3% for the 12 months through to February 2014," Fonterra reports.

"Most of the growth appears to be from the European Union, NZ and the United States."

On the back of growth in NZ production, milk production growth in the top four major Southern Hemisphere exporting countries of Argentina, Australia, NZ and Uruguay is reported to have increased by 7.2% in the first quarter of 2014.

Fonterra reports demand still appears strong from China and Russia, the key drivers of the global dairy market, driven by demand for milk powders in China and cheese in Russia.

Dairy imports into China have surged in the past six months, with imports reaching almost 2 million tonnes or around 16% of global imports.

Growth in imports of dairy products into China were up 39% for the 12 months through to February 2014.

Global exports to Russia have grown 9%, reaching around 1.5 million tonnes for the 12 months to February 2014.

FarmOnline

POST A COMMENT


Screen name *
Email address *
Remember me?
Comment *
 
MOST of southern Victorian farmers planning to make silage or hay this year are into it now.31 Oct 14 MOST of southern Victorian farmers planning to make silage or hay this year are into it now.
Making silage depends on science and good planning - and having a crystal ball to predict the weather doesn't hurt.09 Sep 14  1 Making silage depends on science and good planning - and having a crystal ball to predict the weather doesn't hurt.
light grey arrow
One has to assume this will be an RTO accredited training institute and that all government fees
light grey arrow
Finally someone who talks sense.but this is not what the australian government wants to
light grey arrow
You've only printed half the storey on Ningbo ,who have farms in the Kernot/Bass area of South
A PROGRAM that helped Tasmanian farmers reduce their energy costs is now being rolled out across Victoria.
31 Oct 14 A PROGRAM that helped Tasmanian farmers reduce their energy costs is now being rolled out across Victoria.
When Grant Sherborne was 17 he became the first dairyfarmer in the southern highlands district south of Sydney to install a travelling irrigator. 
06 Oct 14 When Grant Sherborne was 17 he became the first dairyfarmer in the southern highlands district south of Sydney to...
THE Chinese Government today announced it is lifting the temporary suspension on the export of Fonterra formula and whey powder.31 Oct 14 THE Chinese Government today announced it is lifting the temporary suspension on the export of Fonterra formula and...
LIQUOR retailers are being offered huge discounts on Penfolds Grange in what they say is a move by TWE to clear out excess stock.30 Oct 14 LIQUOR retailers are being offered huge discounts on Penfolds Grange in what they say is a move by TWE to clear out...