Friday, March 29, 2024

Exports from NZ nearly keeping pace with milk production

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Exports of whole milk powder from New Zealand in November 2014 were just 1% below the same month last year despite the sharp fall off in purchasing from the China. An increase in the volume of product shipped to other markets helped to maintain the steady export volumes.
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Skim milk powder exports were 9% less in November 2014 compared with the same month in the previous year. Anhydrous milkfat (AMF) exports were up 2% but this was more than offset by a 28% fall in butter exports.

Both cheese and whey product exports increased in November up 7% and 25% respectively. This year returns from cheese are a lot more favourable relative to other product streams, than was the case a year ago.

Whether this strong buying from other nations will be sustained into 2015 really depends on the degree to which in-market stocks build in the coming months. If there is a corresponding increase in consumer demand then imports are likely to continue at elevated levels while prices remain weak.

 

 

 

 

Detailed information of the volume of dairy products being exported from NZ and other major dairy exporting nations can be found in the AgriHQ Dairy Trade Statistics report. Click here for more details.

 

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