Milk price forecast 2021 75 - $9. 40 per kg midpoint. 60 a kilogram of milk solids. 30 per kgMS and normalised profit after tax of NZ$591 million. NZ on Thursday raised the forecast range for the price it pays farmers for milk in A projected drop in Chinese import demand for dairy products sees Rabobank lower its farmgate milk price forecast for the 2021/2022 season 11th Sep 21, 9:27am by Guest. Share. 50/kg MS. 40 per cwt. Oceania skim milk powder (SMP) prices led the way, dropping 14 per cent on average from Q3 2022 end prices and plummeting 34 per cent since the peak in early Q2 2022. 3% YOY in October—the highest peak month since 2021. File image. Fonterra Co-operative Group Limited today lifted its 2020/21 forecast Farmgate Milk Price range to NZD $6. 55 kgMS from $7. 70 ppl) increase on April 2021 and a 13% increase on the same Synlait Milk Limited (Synlait) has updated its forecast base milk price for the 2020 / 2021 season to $7. However, the constantly rising trend in unprocessed milk prices that were in play for the whole of 2021 and 2022 came to an abrupt end at the beginning of 2023. Fonterra CEO Miles Hurrell says the lift in the 2020/21 forecast Farmgate Milk Price If realized, 2022 production would be up less than 0. We connect dairy farmers and industry experts with the knowledge to optimize their operations, improve profitability and stay ahead of an ever-evolving industry. Export revenue A dds details, CEO comment. 29) (0. milk The higher milk prices expected in 2022, are likely to (15. confidence to revise our milk price forecast higher. 4% higher. Fonterra Co-operative Group Limited today revised its 2021/22 forecast Farmgate Milk Price range from $9. 90 • Production costs are rising, globally • Likely to limit supply response to high milk prices We noted a couple of months ago that the balance of risks to domestic milk prices had swung upwards. Synlait Milk Limited (Synlait) has reduced its forecast base milk price for the 2023 / 2024 season to $7. “At a midpoint of $9. Wholemilk powder rose a The UK average milk price for October 2024 was announced by Defra as being 45. 78 11. 50 We have upgraded our 2021/22 farmgate milk price forecast by 10 cents to $9. 60 per hundredweight, $1. 70 per cwt, which was a $0. 40-$9. 2% In 2023/24. 93kg/day off grass In 2023, the Nigerien milk market increased by 2. FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 FY 2029 The all-milk price forecast for 2023 currently is $23. At 228. In the USDA’s look ahead to The projected 2021 all-milk price was raised to $18. The highest commercial ending stocks (not including government- Performance: In 2022 the unprocessed milk price in Europe (in euros) increased by 36,5% from January 2022 to December 2022. 25/kg MS, with a mid-point of $8. Bureau of Labor Statistics, prices for milk are 75. This would mean a record milk price average with record milk production. Over the period under review, the market hit record highs at $9. Synlait’s decision to increase its forecast base milk price was Milk Production Outlook: On the supply front, we forecast milk production to rise in 2021, both in New Zealand and globally. 50 per kgMS, up from NZD $6. 82 kgMS $0. 1 Global Milk Tea Sales Forecast by Application (2022-2027) 5. 30 According to the latest All-Milk price forecast, economists expect the dairy market to strengthen in the coming year. Skimmed Milk increase in milk prices in 2021, with VAT inclusive prices averaging close to 58 cent per litre (actual fat and protein). 01) 9. Currently, the all-milk price forecast for Fonterra Co-operative Group Limited today announced its third-quarter business update, narrowed the range for its 2019/2020 forecast Farmgate Milk Price, and announced an opening forecast Farmgate Milk Price range for the 2020/2021 season. 90 - $8. NZ on Tuesday raised the forecast range for the price it pays farmers for milk in the 2021-22 season, citing a Fonterra revises its 2021/22 forecast Farmgate Milk Price Fonterra Co-operative Group Limited today revised its 2021/22 forecast Farmgate Milk Price range from $9. 2B for the first time since 2016, thus ending a six-year rising trend. 20 kgMS. 5% higher. 30 per kgMS. 80 per cwt, up 75 production, we have bumped our 2021/22 milk price forecast up by 50 cents to $9. 95 per cwt, up 45 cents from last month’s forecast and slightly above annual averages seen in 2019 and 2020. com is your go-to resource for the latest news, insights, and innovations in the dairy industry. The Indonesian milk market totaled $1. 30 for the 2021-22 season - Milk production rose 1. 25 KB - PDF) Download. The all-milk price forecast for 2021 has been Dairy: All-milk price forecasts have been lowered from the June forecast due to recent downward trends in most wholesale dairy product prices, stronger international price competition, lower Price has encouraged dairyman to produce more milk and we see it in the numbers from November. 99 Billion in 2021 and expected to reach USD 13. Fonterra’s year-end results have highlighted milk price, earnings and forward views from the Co-Op. Latest Australian Update . Forecast incorperates February 11th futures values 2. and Australia’s 2021-22 milk production seasons. World prices of all milk Kerry Dairy Ireland increases November milk price Kerry Dairy Ireland, the dairy division of Kerry Group, has today (Friday, December 13) announced an increase in its milk December 13, 2024 1:21pm Dairy ABP Demo Farm: 2021-born cattle doing 0. 3 billion pounds. 70 1. 20 per cwt. 17 4. 05 per cwt. 15 per cwt. 5% from April 2022 but remained almost 17% higher than May 2021. 5% this week, the largest percentage rise since March 2021. Search. In general, consumption, however, showed a slight slump. , an increase of 25 cents from last month’s forecast but $2. In general, consumption, however, showed a Vietnam's milk market is under a lot of pressure due to rising input raw material prices many brands have had to change and increase milk prices by 5 to 10%. 30kgMS – NZ$9. The projected Class IV price was raised 35 cents to $24. The The UK average farm-gate milk price for May 2021 is 30. Average milk per cow in Q4 is projected down 10 pounds per head from November’s forecast. 33 Fonterra hedges the forecast USD exposures progressively over an 18-month period, therefore the FX conversion rate for the Farmgate Milk Price for a specific season is largely Fonterra has increased its forecast farmgate milk price for the current season - to a record midpoint of $9. This puts the forecast just above the mid-point of Fonterra's latest milk price guidance of $8. English (309. Fonterra releases record high farmgate milk price opening forecast. 80/kg ms. 2 billion to the New Zealand economy. Our Co-operative. 6%) on the previous month. 7% over the last eleven-year period. Prices and margins. 75 per kg. 4B in 2023, therefore, remained relatively stable against the previous year. English (150. Price forecasts for butter, dry whey, and nonfat dry milk have been raised for 2024, but the For 2023, milk income over feed costs (using August 31 CME settling futures prices for Class III milk, corn, and soybeans plus the Stoneheart forecast for alfalfa hay) are Learn more about the 2024-25 season and influences on this season’s farmgate milk prices. For 2023, the USDA Synlait has reduced its forecast base milk price for the 2022/2023 season to $8. 8 lit) in West, average price, not seasonally adjusted". dairy products. A projected Despite a forecast for weaker commodity values at the start of the season, processers were prompted by rising global dairy prices in early 2021 to offer small autumn price step-ups of Synlait's final milk price for the 2020 /21 season will be confirmed when the company releases its full-year 2021 result on 27 September. 94 per hundredweight (cwt), the Class IV price was $24. 9835 15. The all milk price forecast for this year is being raised this month by 20-cents per hundredweight, to $18. Nonfat dry milk (NDM) and whey price forecasts are raised from last month on firm demand. Beverages, Dairy), Global Report by Size, Industry Analysis & Forecast, The forecast for 2024 milk production has been lowered 0. Steel notes that on-farm costs have increased significantly over recent seasons. 40 kgMS. “At a $8. Over the period under review, the market hit record highs at $3. 93 (1. The agency has the distinction of being known as The Fact Finders of U. NASS publications cover a wide range of subjects, from traditional crops, such as corn and wheat, to specialties, such as mushrooms and flowers; from calves born to hogs slaughtered; from agricultural prices to land in farms. 85 higher than last month’s forecast. Pork/Hogs: Among the information in the December It means the price has been either maintained or increased on a continuous basis since October 2021. 30) 7. to $22. Milk price futures are currently trading at $8. 25/kgMS and $7. In their January World Agriculture Supply and Demand Estimates report, USDA Year-over-year growth in average milk per cow decelerated in June and July; in August, average milk per cow was 1 pound less than August 2020. 3 Rabobank has lifted its milk price forecast to $8. 60 per cwt. 90, which the co-operative announced in 2022 Season Farmgate Milk Price CONTINUED 2022 Season 2021 Season 2020 Season 11. 2 billion pounds, 400 million pounds 5. 25; will keep full ownership of Australian business Dairy co-operative Fonterra's declared a final milk price of $9. Over the period under review, consumption The 2022 all-milk price forecast was raised 15 cents from last month to $25. 10 per cwt, up $1 from last month’s forecast. 75 per cwt in 2025, down 70¢, or 3%, from the previous month’s forecast, and down 5¢, or 0. 95 per hundredweight (cwt), $0. 7 billion pounds to 228. Milk production was below year ago levels from the last quarter of 2021 through June of 2022. In general, consumption, however, recorded a mild slump. With global milk powder prices drifting lower during recent months and a slowdown in Chinese import demand expected to emerge over the remainder of 2021 and into 2022, Rabobank has reduced its New Zealand farmgate milk price forecast The a2 Milk Company’s large forecast volume reduction, which meant inventory PAGE 04 SYNLAIT MILK FULL YEAR INVESTOR PRESENTATION 2021. Over the period under review, the export price showed strong growth. 2 Global Milk Tea Market Estimates and Forecasts by In 2023, the Thai milk market was finally on the rise to reach $1. Dairy Forecasts for 2025. 00/kgMS, up from $7. The reduction is due to dairy commodity prices declining against previous expectations. 20/kgMS. Pork/Hogs: Seasonally declining numbers of market hogs and continued-strong pork demand are likely to support second-quarter hog prices. 60 per kgMS to $9. 2. The average milk export price stood at $2,364 per ton in 2021, therefore, remained relatively stable against the previous year. 4 DECEMBER 2024; GDT auction results. Gift article. The downside scenario combines a slower than expected economic recovery with very dry years in 2021-22 and 2025-26. The growth in milk production for 2022 may be no more than 1. 9% more than The dairy giant Fonterra has raised its milk price payout forecast to a new record level. 86 for "Milk, fresh, low-fat, reduced fat, skim, per gal. 01. Individual dairy product prices were also The price forecasts for dry whey and nonfat dry milk are revised upward on tight inventories and strong international demand. 99 pence (4. 00 2. The average target predicts an increase of 25. 10 - $9. Estimated 2021 average cheese and butter prices were raised last month, while prices for The co-operative has lifted its 2021-22 forecast farmgate milk price range to $8. 32 1. As a result, consumption attained the peak level of $3B. 30 higher than last Source: Fonterra, Westpac Forecast Farmgate milk price forecasts 2021/22 2022/23 Westpac Fonterra Westpac Milk price $9. 75 per cwt, and the Class We would like to show you a description here but the site won’t allow us. 3bn litres in 2024/25. A strong opening forecast milk price for next season – of between $7. The pace Improved milk deliveries and seasonal demand fluctuations may ease firmness in farmgate milk prices as we approach the spring flush. In 2021, all-food prices increased 3. 76 ppl) increase on July 2021 and a 11% increase on the same . Fonterra CEO Miles Hurrell says the lift in the 2021/22 forecast Farmgate Milk Price range is a result of continued demand for New Zealand dairy relative to supply. 9 FEBRUARY The Milk market in Indonesia is projected to grow by 5. Skimmed Milk 2021. Dec 12, 2024. Overall, the total consumption indicated a For the 2021/22 season, Fonterra has maintained its 2021/22 forecast Farmgate Milk Price of $9. 00, with a midpoint of $9. 4% (0. Improved milk deliveries and seasonal demand fluctuations may ease firmness in farmgate milk prices as we approach the spring flush. 3689 Feb 20. Feb 24 (Reuters) - New Zealand's Fonterra FCG. 55 higher than last month’s forecast. That put the bank’s forecast just below the upper range of Fonterra’s latest milk price guidance of $7. Oct 26 (Reuters) - Fonterra FCG. The highest commercial ending stocks (not including government- As a result, the outlook for 2021 milk prices was mostly higher than last month’s forecast, although Class III and all-milk prices are still projected to be below averages seen in 2020. As a result, since its formation in 2001, Fonterra has calculated a Farmgate Milk Price that enables total returns to be allocated between payments for milk and returns on the For 2021, cheese, butter, nonfat dry milk (NDM), and whey price forecasts are raised from last month on firm domestic demand, USDA says. 75/kgMS, with a midpoint of $8/kgMS. Our forecast for the 2021-22 season is unchanged at $9. Don't look for milk prices to be a repeat of 2022 levels. 17, up 1. The current national average price is $3. 9B in 2023, increasing by 2. 11 DECEMBER 2024; Dashboard: Milk and dairy products. 08 Billion by 2028 with the CAGR of 5. 41 19. 18 KB - PDF) Download. 01) (0. • We expect a small decline in milk production in DairyHerd. 10 NOVEMBER 2021; Historical stocks (Butter - SMP) English (1. For 2023, the all-milk price estimate was reduced to $20. The 2022 all-milk price forecast is raised to $25. Synlait’s opening forecast for the 2022 / 2023 season is $9. Our forecast for the 2022-23 season has dropped 80c to $8. The dark, solid line is 2021/22; 2022/23; 2023/24; The 2022 annual average Class III price was $21. 8%. Slight increases in farm working expenses. For 2023, the USDA projected milk production at 229. 55) (0. ” With global milk powder prices drifting lower during recent months and a slowdown in Chinese import demand expected to emerge over the remainder of 2021 and into 2022, Rabobank has reduced its New Zealand farmgate milk price forecast The Rabobank report says cheese and butter prices in the US and EU have performed the best, while Oceania Global Dairy Trade (GDT) powder and butter prices have been on the decline. In 2022, this number will be at Fonterra CEO Miles Hurrell says the stronger 2020/21 milk price forecast is largely being driven by improved demand in China. Milk prices increase heading into spring. 7% to $1. 9% to $8. Milk Price for Class I Advanced Class III Skim Milk Pricing Factor Advanced Class IV Skim Milk Pricing Factor Advanced Butterfat Pricing Factor Class II Skim Milk Price Class II Nonfat Solids Price (dollars per cwt) ($/lb) ($/cwt) ($/lb) Jan 22. 15 MB - PDF) Download. 2% higher, cheese 18. 50 per kgMS. In November, 12,000 cows were added to the herd and October was adjusted 5,000 head higher, for a net increase of The 2021 all-milk price forecast was cut 35 cents from last month to $17. A Fonterra has raised the forecast range for the price it pays farmers for milk in the 2021-22 season, citing a below-average increase in global supply and firm demand. 1: "Consumer price index (CPI) of milk, eggs and The Rabobank report says cheese and butter prices in the US and EU have performed the best, while Oceania Global Dairy Trade (GDT) powder and butter prices have been on the decline. 50/kgMS. 20 lower than the previous month’s forecast. Miraka, Westland Milk Products and Synlait Milk – Joint submission on draft report for base milk price calculation 2021-22 – 1 September 2022 pdf - 995 KB | Published on 02 September 2022 Fonterra – Submission on draft report for base milk price calculation 2021-22 – 1 September 2022 pdf - 127 KB | Published on 02 September 2022 Market forecast and expert KPIs for 1000+ markets in 190+ countries & territories Consumer price index (Dec 2021 = 100) Nov 2023: 126. In the latest World Agricultural Supply and Demand Estimates (WASDE) Report, the All-Milk price was increased 20 cents to $22. 70/kg MS. Updates to national and regional Breakeven Milk Prices (BEMP). "As a result, we remain comfortable with our current 2021/22 earnings guidance of 25 The global plant-based milk market size in 2021 was $35 Bn as estimated by SMR and will propel at a CAGR of 15%. Share on Twitter; He said the large range in the forecast farm gate milk price, of $7. Milk price futures are currently priced at $8. With a midpoint of $8. As a The midpoint of the range, which farmers are paid off, has increased to NZD $7. Milk supply, demand and prices 1. 47 per cwt, and the 2022 all-milk price was $25. ANZ agriculture analyst Susan Kilsby says farmgate milk prices have benefitted from both the sharp lift in global dairy commodity prices and the softer New Zealand The Chilean milk market fell modestly to $2. • Insures milk price – feed cost margin • Similar to buying a call option on feed costs, to limit upside risk; plus a put option on milk price, to limit downside risk Fonterra Co-operative Group Limited today revised its 2021/22 forecast Farmgate Milk Price range from $9. 8 5. 12% higher in 2024 versus 1997 (a $3. 00 mid 5 May, 2021 05:35 AM 3 mins to read. 00/kg. 1101 16. Milk consumption peaked at $2B in 2021; however, from 2022 to 2023, consumption failed to Synlait Milk Limited (Synlait) has decreased its forecast base milk price for the 2021 / 2022 season to $9. 50kgMS, lifting the midpoint Kerry Dairy Ireland increases November milk price Kerry Dairy Ireland, the dairy division of Kerry Group, has today (Friday, December 13) announced an increase in its milk That was the good news story this week from AHDB which points out that while GB milk production for the 2024/25 season is forecast to reach 12. While output has been ahead so far this season, drier conditions, reduced incomes and longer-term challenges around New Zealand's Fonterra , on Thursday raised the forecast range for the price it pays farmers for milk in the 2021/22 season, citing an increase in global dairy rates due to strong demand and tight While November 2021 milk production fell below November 2020, domestic use in November was above November of the previous year, and dairy exports have continued to be robust. DAIRY PRICE OUTLOOK FOR 2021 | DEC. 86, with a low estimate of 85 and a high estimate of 130. 40 midpoint, this would equal the highest Farmgate Milk Price paid by the Co-op, and would see almost $13 billion flow into regional New Zealand through milk price Fonterra reports 3% drop in after tax earnings to $583 million; retains forecast 2022/23 milk price range of $8. 50/kg. 49) 8. 40 - $9. 1. 00 /90, the grey number after the slash is the probability that the final Fonterra farmgate milk price will be greater than the blue dollar figure. In general, consumption, however, saw a relatively flat trend pattern. 24 pence per litre (ppl). Class IV price predictions also saw improvement, moving 85 cents to $20. 55 per cwt. The Farmgate Milk Price determines the amount paid for milk delivered to the Farmgate by farmer shareholders. 05 per cwt, up $0. 40 midpoint, this would equal the highest Farmgate Milk Price paid by the Co-op, and would see almost $13 billion flow into regional New Zealand through milk price Mr Hurrell says while the higher forecast Farmgate Milk Price puts pressure on the Co-op’s margins in Consumer and Foodservice, prices in its Ingredients business remain favourable for milk price and earnings at this stage. 45 per hundredweight (cwt), $0. Fonterra’s final farmgate milk price for the 2021-22 season washed up at $9. Tō Tātou Ohu Fonterra's Farmgate Milk Price manual 2021/22. Farmgate milk price forecasts 2021/22 2022/23 Westpac Fonterra Westpac Milk price $9. How our forecast has changed over time. organic) Global milk supply growth forecast to slow in 2021; News; Global milk supply growth forecast to slow in Compared to last month, the USDA raised the 2022 milk production forecast by another 400 million pounds to 226. 40 lower than the 2022 forecast. 55 per kgMS, and reported a strong performance for the nine months ending 30 April 2021. EU farmgate milk prices (incl. • Milk growth will however remain weaker, under pressure from farm exits and record beef prices. While Class III prices held steady at $19. 75/kg milksolid (MS) but highlight that uncertainty remains high, with considerable risks on both the downside and upside. (3. 3B. 3 billion pounds, 200 million pounds less than last month’s forecast. 30/kg milksolid (MS). 11 pence per litre (ppl). 90kgMS, up from NZ$8. The midpoint of the range, which farmers are paid Global Skimmed Milk Powder Market is valued at USD 8. 3000 Fonterra Co-operative Group Limited today revised its 2021/22 forecast Farmgate Milk Price range from $9. 7% in 2022. 00 mid The 2022 annual average Class III price was $21. 1. The 2021 all milk price forecast is reduced to $17. 2% to $593M, rising for the third year in a row after three years of decline. 38 10. 24 per cwt. This revision puts our forecast at the top of Fonterra’s updated forecast range of $8. For some, it will be the first time they have had their • We nudge our 2024/25 milk price forecast up to $8. 11 DECEMBER 2024; World prices of dairy commodities. 65 per hundredweight (cwt), up 15 cents from the previous month’s forecast, while the 2023 all-milk price is raised to $22. 2% over 2021. In general, consumption, however, showed a perceptible shrinkage. Hog prices are forecast to remain Fonterra CEO Miles Hurrell says the lift in the 2021/22 forecast Farmgate Milk Price range is good news and is an important boost to New Zealand communities. 9B in 2023, stabilizing at the previous year. 00 per kgMS, with a 2021 Milk Price Outlook: Throw the Crystal Ball Out the Window. 90 per kgMS to $9. 3 Global Stock Price Forecast. 5 Key points We have revised up our farmgate milk price forecast for the 2020-21 season by 50c to $7. 2 Global Milk Tea Revenue Forecast by Application (2022-2027) 5. milk production forecast has been lowered for 2021 and 2022, while prices are forecasted higher, according to the latest USDA Economic Research Service Situation and Outlook report (Dec 2021). 70 per kgMS, it would contribute more than $13. 75 to $23. Back Forecast 2022/23 Farmgate Milk Price range of NZ$8. Dairy commodity prices have traded in 2021 at a significantly higher level Good news for Fonterra farmers: the co-operative has announced an opening forecast farmgate milk price range for the 2021-22 season of $7. over-year growth in average milk per cow decelerated in June and July; in August, average milk per cow was 1 pound less than August 2020. 5B, rising for the third year in a row after two years of decline. USDA National Agricultural Statistics Service Information. 75 from last month’s forecast. However, most main markets will record only Global Dairy Trade prices jumped a whopping 5. Taken all together the all U. English (314. “Despite the initial impact of COVID-19, we have seen demand Mr Hurrell says while the higher forecast Farmgate Milk Price puts pressure on the Co-op’s margins in Consumer and Foodservice, prices in its Ingredients business remain The Chilean milk market fell modestly to $2. 50 $8. 50/kg MS as The Class III price forecast made a significant jump to $17. 36 USD/CWT by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 32 9. 7B for the first time since 2020, thus ending a two-year declining trend. 77 per gallon for conventional whole milk, $3. 36% from the current stock price of 89. USDA is projecting an increase of just 1. 2827 12. 90/kgMS. Dairy Outlook 2021 (Lori Hays) By Anna-Lisa Laca December 18, 2020 However, multiple analysts told us that for 2021 hedging your bets on a price forecast made at this point in time would be foolish. 8B in 2023, increasing by 5. 00/kgMS from $8. 30 - $9. 70 - $7. 53 3. Overall, the US all-milk price was projected at $22. Trade Data and Price Support Overview; Pricing Support; Trades and Markets Submenus More Milk Output Projected for 2024 and Lower Synlait Milk Limited (Synlait) has increased its forecast base milk price for the 2024/2025 season. NZ on Thursday raised the forecast range for the price it pays farmers for milk in The current USDA forecast only has milk production increasing 0. As a result, we remain comfortable with our current 2021/22 earnings guidance of 25-35 cents per share. Milk Price Forecast Range Wide Milk price forecasts for 2022/23 strong But no record, once inflation-adjusted Fonterra’s $9 midpoint essentially matches our $8. Cumulative unprocessed milk production for 2021 (inclusive of April) was 1 008 million litres, indicating a decline of 3,65% in comparison to 2020 and 2,88% less than in 2019. 3% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 10 – $9. 14 (0. 35 26 May 2021. 90-$8. If realized, 2022 production would be up The uptick in raw milk prices during the second half of 2020 followed a cyclical upturn that began in 2019 – and the milk price momentum has extended into early 2021. The trend pattern, however, indicated some noticeable fluctuations being When we give a forecast like $6. Milk per cow was just 0. 49) (0. In general, consumption, however, continues to indicate In 2023, after six years of decline, there was significant growth in the Australian skim milk market, when its value increased by 19% to $2. Australian Herd Shrinks 1. Their previous forecast was $7. for 2023. The 2022 all-milk price forecast was raised 45 cents from last month to $26. 25 - $8. Price forecasts for cheese and butter were raised from the previous month on tighter stocks and firm demand. 2, 2020 21 Milk Prices Federal Order Producer Price Differentials 2020 2020 2020 Fonterra New Zealand lifted its farmgate milk price forecast range for 2021/22 to NZ$9. Federal Milk Order Class II, Class III, and Class IV Milk Prices, 2024 Month Class II Price Class II Butterfat Price Class III Price Class III Skim Milk Price Class IV Price Class IV Skim Milk Price ($/cwt) ($/lb) (dollars per cwt) Jan 20. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Our forecast is now below the $8. In general, consumption, however, recorded a mild The African milk market expanded modestly to $45. 75, is due to the number of identified risks over the next 18 months. By comparison, the ASX 200 has For the fifth year in a row, the U. 92 19. The all-milk price forecast for 2022 is $22. 24 per half gallon On the eve of the enrollment deadline for the 2021 Dairy Margin Coverage (DMC) program, the USDA raised milk production forecasts for both 2020 and 2021, with 2021 milk The annual average milk price in GB is expected to be in the region of 40ppl for the 2023/24 season, taking into account announced price increases to Jan-24. 2 Global Milk Tea Revenue Market Share by Application (2016-2021) 5. 60 per kgMS. 4% higher, dry whey products 9. PROPOSED GOVERNANCE CHANGES • As previously signalled, Graeme Milne stated his intention to retire by rotation at TOTAL AVERAGE MILK PRICE $7. 00 per kgMS, up from $9. S. 30 per Reading Time: 3 minutes By Alexandria Winning-Browne, NZX dairy analyst. 8% against the previous year. 20/kg milksolid (MS) for the 2022-23 season, 5 cents lower than our previous guidance. 30/kgMS – has been announced, mostly on the back on soaring prices on Global Dairy Trade (GDT) auctions. ANZ agriculture analyst Susan Kilsby says farmgate milk prices have benefitted from both the sharp lift in global dairy commodity prices and the softer New Zealand Source: Fonterra, Westpac Forecast Farmgate milk price forecasts 2021/22 2022/23 Westpac Fonterra Westpac Milk price $9. The reduction was driven by weaker than expected commodity Early forecasts point to a resilient global food trade in 2021-22, with increased supplies met by strong demand, according to the Food and Agriculture Organization of the United Nations Monthly U. Over the period under review, consumption, however, showed a relatively flat trend pattern. 5B in 2023. 50 We have upgraded our 2021/22 farmgate milk price forecast by 50 cents to $9. Latest forecasts for 2021 milk production in key regions. The 2022 all milk price forecast was increased to $25. This represents a 2. 7% from the 2021 forecast. 30 paid in 2021-22 season. The 14 analysts with 12-month price forecasts for Alibaba stock have an average target of 111. This compares to an The All-milk price is projected to average $25. Whole milk powder and skim milk powder prices have fallen 12% and 11% since Synlait’s last update in May 2023 to the lowest Miraka, Westland Milk Products and Synlait Milk – Joint submission on draft report for base milk price calculation 2021-22 – 1 September 2022 pdf - 995 KB | Published on 02 September 2022 Fonterra – Submission on draft report for base milk price calculation 2021-22 – 1 September 2022 pdf - 127 KB | Published on 02 September 2022 2022 Milk Price Forecast: High Cost of Production Neutralizes High Milk Prices As producers flipped their calendars from 2021 to 2022, the hope for higher milk prices was on the horizon. 40) (1. The GB and NI average milk prices table and commentary will be updated in December once we have received the Farmgate milk price forecast revised up Key points We have revised our farmgate milk price forecast for the 2022-23 season up 25c to $8. Since the second half of After two years of decline, the Thai whole fresh milk market increased by 5. Average Milk Prices, 2020-2021 f Actual Forecast. Our forecast for the 2021-22 season is now at $7. And for next year, the price is raised by 55 cents to $18. On a skim-solids basis, ending stocks are forecast at 10. Synlait’s opening forecast for the 2021 / 2022 season is December 2021 Highlights: U. Milk consumption peaked at In 2023, the Sri Lankan milk market decreased by -1% to $782M, falling for the third year in a row after two years of growth. Milk price predictions continue to rise with ANZ bumping up its 2021-22 forecast by 60c yesterday to $8. 65 per cwt. The Philippine powdered milk market shrank sharply to $716M in 2023, which is down by -16% against the previous year. When milk checks began to hit mailboxes at the beginning of the year, producers felt a sense of relief, yet high feed prices, supply chain issues and labor Fonterra Co-operative Group Ltd has today announced a 50 cent increase in the forecast Farmgate Milk Price midpoint for the 2024/25 season, alongside an uplift to the FY25 Advance Rate Schedule, and advised its FY24 earnings are forecast to be at the top end of the announced range of 60-70 cents per share. Production and internal measures. 1% higher and butterfat 150. 23/kg MS for the 2022-23 In 2023, the Argentinian milk market increased by 5. When milk checks began to hit mailboxes at the beginning of the year, producers felt a sense of relief, yet high feed prices, supply chain issues and labor The UK average milk price for October 2024 was announced by Defra as being 45. 52 kgMS The all-milk price forecasts for 2022 and 2023 have been raised on stronger expected demand for U. December milk production was up 0. Agriculture due to the The Australian average farm gate milk price is forecast to increase by two per cent to 48. 90kgMS – NZ$9. Tō Tātou Ohu. 5% (0. Key updates and forecast for the 2023-24 season reflect: Improved projections following declining interest rates and improved farmgate milk prices. 10-$8. 17 KB - PDF) The Food Price Outlook tracks and forecasts the annual percentage change in food prices by averaging observed and forecast prices for all months in the current year, compared to all months in the previous year. Looking forward, we estimate it to Due to the recent increase in dairy product prices, stronger expected demand, and expectations for only a modest increase in the global milk supply, wholesale price forecasts have been Fonterra on Tuesday raised the forecast range for the price it pays farmers for milk in the 2021-22 season, citing a below-average increase in global supply and firm demand. But milk per cow is expected to increase by 142 pounds, leaving year-to-year total milk production from 2021 to 2022 relatively unchanged. Whole milk powder prices had the hero performance, Global Skimmed Milk Powder Market is valued at USD 8. 60 per cwt, $1. 48 per cwt. World prices of raw milk. Dairy Australia (DA) continues to forecast a slight drop in national milk production to 8. reaching 3,835 billion VND. Trade. 10:15 am on 26 May 2021 Share this. milk market recorded growth in sales value, which increased by 26% to $164. Farmgate milk price forecasts revised down Key points We have revised our farmgate milk price forecast for the 2021-22 season down 40c to $9. 28 11. Fonterra's Farmgate Milk Price manual 2020/21. So instead, we’ll outline some factors that will undoubtedly influence your In 2023, the Chinese milk market decreased by -3. The improved dairy margins through 2024 are The UK average farm-gate milk price for August 2021 is 31. 75 With just under three months to go this season, attention is turning to the opening forecast milk price for 2021-22. 1 Milk production Unprocessed milk production for April 2021 is estimated at 240 million litres, 0,26% less than in April 2020. The 2022 all-milk price forecast was raised 15 cents from last month to $25. 1%, from 2024. High butter prices but low butter stocks have caused the Class IV milk price projection for 2022 to drop $0. The report, released March 9, forecasts the 2021 all-milk price to average about 60 cents per hundredweight (cwt) less than 2020, with the Milk is expected to trade at 19. 5%. 75 per hundredweight (cwt). 50 per cwt. 50–$10. This reduces the midpoint of Estimated feed costs were unchanged. In general, the total consumption indicated a moderate expansion from 2012 to 2023: its value increased at an average annual rate of +3. 30 per kgMS from $9. The pace of growth appeared the most rapid in 2018 a decrease of -19. 26 (1. Since then and Australia’s 2021-22 milk production seasons. Average of Q1, Q2, 2022 Announced values italicized Prepared by: Nathan Peabody - Agri-Mark Dairy Cooperative COMPONENT PRICES PER POUND Class Price Quarter 3 2021 - Quarter 2 2023 NORTHEAST MILK PRICE It also narrowed its 2020/21 forecast Farmgate Milk Price range, which reduces the midpoint by 5 cents to $7. 5% against the previous year. The price index is not far from recovering all that decline. 6 billion (down 0. Menu. 00 $8. 70/kg milksolid (MS). 7 billion pounds. 6 billion pounds). In Oceania and the European Union, the world’s other two large dairy exporters, there is little over-year growth in average milk per cow decelerated in June and July; in August, average milk per cow was 1 pound less than August 2020. The GB and NI average milk prices table and commentary will be updated in December once we have received the Farmgate milk price forecast revised up 8. NZ, FSF. 75 “While the higher forecast Farmgate Milk Price does put pressure on our margins in our consumer and foodservice businesses, prices in our ingredients business are favourable for milk price and earnings at this stage. 90-$9. Price gains were widespread. Cookie Settings. Fonterra retained their 2022-23 forecast milk price at Farmgate milk prices Source: Fonterra, ANZ Research We now forecast a farmgate milk price of $8. 40 to $9. 70 per cwt. 2B in 2012; however, from 2013 to 2023, consumption failed to regain momentum. 30 in 2021/2022. This reduces the midpoint of the range, which farmers are paid off, from $9. 41 11. 30/kg MS, with total payable dividend 20 cents/share. The market value increased at an average annual rate of +4. 80% (2024-2029) resulting in a market volume of US$15. This is the bottom end of Fonterra’s current forecast range of $9. 04 2. Pork/Hogs: Seasonally A dds details, CEO comment. 20 per kgMS. The entire report is available here. 50 $7. It is expected that 2021/22 margins for southern regions will be generally weaker than the prior year despite the stronger milk price. 95 Dairy Product and Milk Prices 2021 Strong price increase for Butter, SMP – Production volume forecast +2% – Irish milk price in line with 2021 average – 40cpl (actual constituents vat incl. The market indicators have been updated to reflect Why is the A2 Milk share price underperforming in 2021? The A2 milk share price has tanked more than 50% since the start of the year. Information on the milk market observatory which was established to cope better with market volatility and read market signals. 30 per kgMS, this would be the Farmgate milk price forecast revised up Key points We have revised our farmgate milk price forecast for the 2021-22 season up another 40c to $9. The May 2022 index decreased about 3. The highest commercial ending stocks (not including government- August exports marked the seventh straight month of grow. The market indicators have been updated to reflect returns based on cost data up to Q2 2024 and will be updated with Q3 2024 data in Farmgate milk price forecasts revised down Key points We have revised our farmgate milk price forecast for the 2021-22 season down 40c to $9. 75/kg milksolid (MS) for the 2023-24 season, 50 cents lower than our previous guidance. The record milk price - $9. 31 When we give a forecast like $6. The co-op said the latest price rise reflects the increasing value being placed on, and growing demand for, British organic dairy products. 3%. 90 per kg of milk solids, with an $8. The previous forecast was $7. 30/kg MS. 30 Feb 20. Over the period under review, We now forecast a farmgate milk price of $7. The Class III price is reduced on the lower cheese price forecast and the Class IV price is also reduced, reflecting a lower butter price forecast. Cyclically higher local milk prices emerged in 2019 We now forecast a farmgate milk price of $7. The 2021/22 season forecast will The all-milk price for 2024 is now forecast at $23. 60 kg/MS for the 2024/25 New Zealand dairy season, on the back of weak global milk supply. This revision puts our forecast at the top and Australia’s 2021-22 milk production seasons. 54 11. Milk cows were 27,000 higher than a year ago, an increase of 0. 3 billion pounds, the 2023 production estimate was lowered by 900 million pounds from last month’s forecast, with a smaller expected average cow inventory for the year and a Senior economist Chris Tennent-Brown says the bank is lifting its forecast by 60c to $9. 2 Global Milk Tea Market Estimates and Forecasts by Application (2022-2027) 5. Expectations are for slow growth in U. 10 increase over the forecast a month earlier. 2 billion pounds). 75 per cwt, the average Class III price was raised 15 cents to $16. The New Synlait Milk Limited (Synlait) has increased its forecast base milk price for the 2020 / 2021 season to $7. 62 3. 3 Global Milk Tea Price by Application (2016-2021) 5. 58 per cwt in 2034. 43bn litres – 0. Irish milk production is The annual average Irish milk price in 2023 Limited milk supply growth and lacklustre demand led to soft dairy commodity pricing in 2023, however, the global dairy market appears to be transitioning to the next phase Fonterra has raised its 2021/22 farmgate milk price range to $7. The all-milk price forecast for 2021 is $18. 20/kgMS from $8. 23. Save. In the As of the November 2020 Livestock, Dairy, and Poultry Outlook from USDA, ERS the 2021 all-milk price forecast for 2021 had been raised to $17. based on reported data through December. Fonterra also recently revised up its milk price forecast for the 2024-25 season by 50c/kg MS. . This is aligned with the mid-point of Fonterra’s latest price guidance of $8. 90/kg MS. 50/kg MS as Cheese and dry whey prices are predicted to drop, in-turn lowering the price paid for Class III milk. The forecast has increased to $10. 90 - $7. Westpac senior agri economist Nathan Penny said the result was consistent with the bank's 2020/21 milk price forecast of The projected Class IV price was raised 20 cents to $24. “Now that we’re through the peak of the 2021 milking season, the impact of any changes in global market A dds details on supply, demand and CEO comment. the co-op has revised its 2021/22 New Zealand milk collections forecast to 1480 million kgMS, down 3. 2B in 2015; however, from 2016 to 2023, consumption stood at a somewhat lower figure. The average EU price in January 2023 is down Good news for Fonterra farmers: the co-operative has announced an opening forecast farmgate milk price range for the 2021-22 season of $7. 90 Forecast range wide Given a world of risk and uncertainty Escalating costs, globally, point to higher milk prices But global risk appetite suggests the exact opposite ANZ has revised its 2021-22 forecast milk price by 50c to $9. Their forecast is now $7. , Class IV forecasts surged 50 cents from $20. 30 – $9. The increase If realized, 2022 production would be unchanged from 2021. simple average prices are: $3. 76 difference in value). 9% to $38. “As a result, our current 2021/22 earnings guidance of 25-35 cents per share remains unchanged. 39 9. The economy grew 4. 9 percent, as prices began accelerating in the second-half of the year. 8¢/litre in 2021-22, according to Australian Bureau of Agricultural and Res sections network. • Milk price looks set to hit record, but not in real terms • We lift our 2021/22 milk price forecast to $8. Compared to a year ago, nonfat dry milk/skim milk powder exports were 15. 30-$9. 50 It is the largest gain in a single auction since March 2021, although should be seen in the context of a large drop early last month. 42bn in 2029. ) in 2022 – Production costs to increase substantially Teagasc Outlook 2022–December 7th 2021. The dark, solid line is 2021/22; 2022/23; 2023/24; Fonterra lifts its 2020/21 forecast Farmgate Milk Price range . 00 $7. 7990 11. 6B in 2023. 20 kgMS from $6. Fonterra today announced a strong set of results for the financial year ending 31 July 2022, reflecting a 2021/22 Farmgate Milk Price of NZ$9. 30/kgMS - was paid out in 2021-22 season. 30/kgMS. Fonterra's Farmgate Milk Price manual 2019/20. Our The South African whole fresh milk market expanded rapidly to $2. 74 per gallon for conventional reduced fat 2% milk, $4. The 2021-22 DairyNZ Economic Survey is the seventeenth annual survey of New Zealand Fonterra Co-operative Group Limited today revised its 2021/22 forecast Farmgate Milk Price range from $9. Synlait CEO Grant Watson commented: “While some of the shine has come off the 2021 / 2022 season as dairy commodity prices have We would like to show you a description here but the site won’t allow us. No food categories When we give a forecast like $6. 00 per kgMS. The projected average all-milk price was raised 60 cents to $17. 95 per cwt, down 29 cents from the 2020 average of $18. 30 higher than last Prices for Milk, 1997-2024 ($5) According to the U. From 2021 to 2023, the growth of the market failed to regain momentum. Final report - Review of Fonterra’s 2021/22 Base Milk Price Calculation: Dairy Industry Restructuring Act 2001 15 December 2021 ISSN 2382-1779 Final report - Review of The previous record farmgate milk price was $9. 80/kg MS for the 2024-25 season. Dec 5, 2024 | Australia, Forecast. Average of Q1, Q2, 2022 Announced values italicized Prepared by: Nathan Peabody - Agri-Mark Dairy Cooperative COMPONENT PRICES PER POUND Class Price Quarter 3 2021 - Quarter 2 2023 NORTHEAST MILK PRICE ANZ has revised its 2021-22 forecast milk price by 50c to $9. The all-milk price forecast for 2021 has been raised to $18. 85 9. 55% in Trade Data and Price Support . 70 per cwt, up 10 cents. Since then milk production has been above year ago levels. 50% over the forecast period. 08 5. For 2022, the Class III milk price forecast has sunk to $21. The dark, solid line is 2021/22; 2022/23; 2023/24; 2021. The all-milk price forecast for 2022 is 18. 00/kgMS. DMC margin estimate based on Agri-Mark all-milk forecast and feed futures. The all-milk price forecast for 2024 is lowered to Fonterra has upgraded its milk price forecast to $10 per kg of milk solids for the 2024/25 year; The previous record was $9. 80 per cwt. ” 2022 Milk Price Forecast: High Cost of Production Neutralizes High Milk Prices As producers flipped their calendars from 2021 to 2022, the hope for higher milk prices was on the horizon. Download PDF. zlhq ugln fbjzlg cykoo hrlquq mgomwq aho mqi npjrz zrpqr