Dairies Unite
Dairy giants from the southern hemisphere have joined forces to launch the Global Dairy Alliance in Buenos Aires this week.
The scheme brings together dairy industry representatives from Argentina, Australia, Brazil, Chile, Uruguay and New Zealand.
The group said that the aim of the alliance was to reinforce the efforts of governments in the Cairns Group to break down protectionism and trade-distorting subsidies.
Craig Norgate, chief executive of New Zealand's Fonterra, said the launch was an important step forward for non-subsidised producers.
"It's important that the unsubsidised dairy producers of the world unite to defend and promote their interests. Dairy export subsidies worldwide cost the New Zealand dairy industry more than NZ$1bn in value annually."
Cheese benefits
Expectations are growing out of improvements in the farm gate price for milk from this month.
The news that major retailers have raised buying prices by 2p a litre, which is already being passed on by some dairies, has been followed by buying prices for home-produced cheese rising by £200 per tonne.
However, it is difficult to envisage that the 2p per litre increase on liquid milk and £200 per tonne on cheese will spread to every corner of the market. Doubts have also been raised about how long the increases will last.
Reds hold price
Red salmon prices are holding firm in spite of slow demand from the UK.
The buoyancy is attributable to US domestic buyers placing substantial orders for 418g and 213g, say sources in Seattle. Pinks, however, are firming as the US government seems poised to place another large contract for 418g, assumed to be for its armed forces as part of its contingency plans in the event of a Middle East conflict.
While the 418g is less important in the UK, the 213g is popular and recent bogofs have sold more than usual for this time of the year.
With carryover stock of reds and pinks in the UK, there is unlikely to be any serious forward buying until the turn of the year.
One importer said: "Reds may not move up in price, but pinks certainly will, so retailers who are looking for a package deal may be caught out."
Butter rises
The seasonal decline in milk output has led to rising butter prices across the EU.
The fall in output is also ending selling to intervention in seven EU member states as prices rise. Others members may not be far behind.
Prices for bulk butter are between 3% and 5% above the support level and still appear to be firming.
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Dairy giants from the southern hemisphere have joined forces to launch the Global Dairy Alliance in Buenos Aires this week.
The scheme brings together dairy industry representatives from Argentina, Australia, Brazil, Chile, Uruguay and New Zealand.
The group said that the aim of the alliance was to reinforce the efforts of governments in the Cairns Group to break down protectionism and trade-distorting subsidies.
Craig Norgate, chief executive of New Zealand's Fonterra, said the launch was an important step forward for non-subsidised producers.
"It's important that the unsubsidised dairy producers of the world unite to defend and promote their interests. Dairy export subsidies worldwide cost the New Zealand dairy industry more than NZ$1bn in value annually."
Cheese benefits
Expectations are growing out of improvements in the farm gate price for milk from this month.
The news that major retailers have raised buying prices by 2p a litre, which is already being passed on by some dairies, has been followed by buying prices for home-produced cheese rising by £200 per tonne.
However, it is difficult to envisage that the 2p per litre increase on liquid milk and £200 per tonne on cheese will spread to every corner of the market. Doubts have also been raised about how long the increases will last.
Reds hold price
Red salmon prices are holding firm in spite of slow demand from the UK.
The buoyancy is attributable to US domestic buyers placing substantial orders for 418g and 213g, say sources in Seattle. Pinks, however, are firming as the US government seems poised to place another large contract for 418g, assumed to be for its armed forces as part of its contingency plans in the event of a Middle East conflict.
While the 418g is less important in the UK, the 213g is popular and recent bogofs have sold more than usual for this time of the year.
With carryover stock of reds and pinks in the UK, there is unlikely to be any serious forward buying until the turn of the year.
One importer said: "Reds may not move up in price, but pinks certainly will, so retailers who are looking for a package deal may be caught out."
Butter rises
The seasonal decline in milk output has led to rising butter prices across the EU.
The fall in output is also ending selling to intervention in seven EU member states as prices rise. Others members may not be far behind.
Prices for bulk butter are between 3% and 5% above the support level and still appear to be firming.
{{MARKET EDGE }}
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