NAMA Shortcuts
Member Directory
Best of NAMA 2014
Upcoming Events
Chapters
Agri-Marketing Conf
More NAMA












DAIRY PRICES HIT 17 MONTH LOW, CONCERNS ABOUT CHINA
Global AgInvesting reports:

Dairy prices on the GlobalDairyTrade auction have fallen to their lowest point since February of last year with prices falling 28% so far in 2014.

The decline continues amid concerns that Chinese buyers are relying on stockpiled supplies and will be staying out of the market. To this point, Rabobank has issued a statement that the industry will likely have to wait until 2015 to see a revival in prices.

After a months-long buying spree and stockpiling, Chinese imports of skim milk powder dropped 17% month on month in May while imports of whole milk powder fell 27%, and it is reported that some Chinese buyers are reselling previously bought milk powder shipments to foreign buyers because of a lack of need in China.

At GlobalDairyTrade at auction, whole milk powder dropped 5.4% and showed particularly poor sales for September - November delivery and the January 2015 contract was only 0.1% demonstrating that it will indeed take some time for China to return to the market.

To receive relevant news stories with summaries provided by GAI Research & Insight, subscribe to Global AgDevelopments, our free weekly enhanced eNews service.


Search News & Articles























Proudly associated with:
American Business Media Canadian Agri-Marketing Association National Agri-Marketing Association
Agricultural Relations Council National Association of Farm Broadcasters American Agricultural Editors' Association Livestock Publications Council
All content © Copyright 2014, Henderson Communications LLC. | User Agreement