Brind.

Milk Fat Exports Rise Between Argentina and Europe Amid GDT Price Divergence

1 report, 1 independent Updated Oct 1
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

Milk fat exports rose between Argentina and Europe following the Global Dairy Trade auction. The average price at the auction increased 1.2 percent to US$3928, though milk fats continued to ease while milk powders saw divergence in pricing.

From rnz.co.nz

Why it matters

Some supportBrind's analysis of the reports

The market is showing a divergence between milk powders and fats, with physical inventories of milk fats remaining high globally. Furthermore, milk production in China was reported down almost 3 percent, while production in the US and Europe lifted slightly.

From rnz.co.nz

Who's involved

  • ArgentinaIncreased milk fat exports to Europe
  • EuropeIncreased milk fat exports from the continent
  • FonterraVolumes were reported at the Global Dairy Trade auction
  • ChinaMilk production was reported down almost 3 percent
  • El NinoLinked to likely future volatility in global milk supply

Who could feel it

Possible knock-on effects

These are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.

  • ArgentinaSpeculative

    Increased milk fat exports might contribute to high global inventories.

  • EuropeSpeculative

    Increased milk fat exports might contribute to high global inventories.

  • FonterraSpeculative

    Improved GDT auction results could lead Fonterra to revise its milk price forecast upward.

  • ChinaSpeculative

    The reported drop in milk production might constrain global supply.

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The entities involved

Coverage

Newest first; wire copies grouped