Record global food prices benefit Indian farmers, but stoke inflation fears
The FAO’s food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, averaged 113.3 points in January 2021, 4.7 points ( or 4.3%) higher than in December 2020.
Fonterra to link milk prices to sustainability targets from June
The New Zealand dairy co-op has said it will reallocate money from farmers who fail to meet sustainability standards to its farmer suppliers who are already taking sustainability actions.
Milk Prices Remain in the $17 Range
The CME spot dairy auction kicked off this week in a mixed fashion.
ICMSA calls co-op standard milk prices
The ICMSA has called on co-op boards to ‘remember their authority’ and insist on 3.3% and 3.6% standard basis.
Class III Prices Continue to Look Lower for the Near Future
It was a mixed bag across all commodities today.
As dairy prices rise again, new efforts are being made to reinvigorate the Canterbury sheep dairy capacity
Meanwhile Chinese demand drivers for dairy and sheepmeat warrant close attention.
Milk prices in Hyderabad may go northwards
Rising fuel prices are having a cascading effect, with milk prices set to rise in the city.
Cash prices slip; butter climbing
Cash dairy prices at the CME were mostly lower the second week of February. The Cheddar blocks jockeyed a bit but closed Friday at $1.5575 per pound, down 8.25 cents on the week and 26.25 cents below a year ago when they dropped 11 cents.
Milk Prices and Temperatures Continue to Fall
The Arctic blast across most of the U.S. put some chill in the cheese trade.
Milk Prices Stand on Shaky Ground
The CME Cash Dairy Product Trade traded even to slightly higher.
