Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesHot NewsMost Read NewsRecomm.Business LeadersCalendar 

IFA - Irish Farmers Association : LATEST FONTERRA AUCTION GIVES COMFORT FOR 2014 MILK PRICES

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/23/2014 | 08:25pm CET
LATEST FONTERRA AUCTION GIVES COMFORT FOR 2014 MILK PRICES

2014-01-23

 IFA National Dairy Committee Chairman Sean O'Leary said this week's Fonterra auction results (+1.4% weighted average price increase) showed continued significant price increases for the majority of dairy products, and a stabilisation in powder prices. 

"Butter and cheddar prices both rose by over 10%, while whey protein concentrate went up 7.2% and casein 4.2%. Powder prices, which had been easing in recent auctions, have stabilised (SMP -0.5%, and WMP -0.1%).  As product involved in this auction is for trade in the next 3 to 6 months, co-ops should be strongly encouraged to hold their milk prices at least past peak," he said.

Commenting on the detailed auction results, Mr O'Leary said: "The continued rise in butter prices in the last few auctions, to a current level of US$4,657, is narrowing the price gap which had existed for most of 2013 between EU and global markets.  As we progress towards the EU seasonal peak, this should help minimise potential EU butter price decreases".

"Co-ops should take significant comfort from this development, and commit publicly to holding current milk price levels at least until after the June peak," he concluded.

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news
Date Title
12:10a CLARCOR SHAREHOLDER NOTICE : Faruqi & Faruqi, LLP Announces the Investigation of CLARCOR Inc. (CLC) Over the Proposed Sale of the Company to Parker Hannifin Corporation
12:09a VANGUARD SHT TERM GOVT BOND ETF : Pennsylvania Society kicks off in New York City; Gov. Tom Wolf heads for Philly
12:08aDJGARY COHN : Goldman's Gary Cohn Said to Be Preferred Candidate to Lead Economic Council
12:08a ASSURANT, INC. : Announces Notes Tender Offer
12:07a EXXON MOBIL : Judge denies Healey's request to postpone court appearance
12:03a DGAP-NEWS : Rocket Internet SE: Delivery Hero übernimmt foodpanda
12:03a DGAP-NEWS : Rocket Internet SE: Delivery Hero acquires foodpanda
12:02a SOLAR ALLIANCE ENERGY : Announces Financing
12:02a TUESDAY MORNING : Why Dilworth's retail landscape is changing
12:01a CEL SCI : Reports on NYSE MKT Noncompliance Notice and Compliance Plan
Latest news
Advertisement
Hot News 
-18.13%RESTORATION HARDWARE : Hit by Business-Model Changes
6.25%GEMALTO : 3M to sell identity management business to Gemalto
-7.30%Macau eases gambling crackdown concerns after casino shares tumble
4.83%France's Elior eyes further profit, sales growth
-14.17%SIBANYE GOLD : to Buy Stillwater Mining for $2.2 Billion--Update
Most Read News
06:01p CEL SCI : Reports on NYSE MKT Noncompliance Notice and Compliance Plan
06:02p TUESDAY MORNING : Why Dilworth's retail landscape is changing
06:02p SOLAR ALLIANCE ENERGY : Announces Financing
06:03p DGAP-NEWS : Rocket Internet SE: Delivery Hero acquires foodpanda
06:08p ASSURANT, INC. : Announces Notes Tender Offer
Most recommended articles
12/02 Platts considers first addition to Brent basket since 2007
06:08pDJGARY COHN : Goldman's Gary Cohn Said to Be Preferred Candidate to Lead Economic Council
05:44pDJGOLDMAN SACHS : Who Will Succeed Gary Cohn at Goldman Sachs?
05:38pDJINBEV : Anheuser-Busch InBev to Consider Ad Buying Review for 2017
05:30p NK ROSNEFT' : Saudis order oil cuts to U.S., Europe before non-OPEC talks