The great trends at the end of March 2022:
Milk collection and production:
Over the beginning of 2022, most milk-producing countries are experiencing a decline in production. New Zealand and Australia are the two countries that are the biggest drop. Japan, Argentina, and Mexico seem to be the only 3 countries whose production is increasing in 2022.
In February 2022, the average EU milk price continues to rise. Ireland still pays the highest price in Europe. In February, milk prices in the Netherlands and Belgium continued to rise with the increase in industrial product prices.
Milk prices in France are up in December and are in line with the European average prices
The average price of conventional milk 38-32 in France is 376€/1000L in january 2022, which means that the price increase compared to December 2022, a record for the last 5 years.
World commodities prices:
- Butter: In March, quotations for spot butter continued to rise with prices observed to exceed 6 500€/T. Demand was still good from the industry and the food service sector. Companies face contract terminations.
- Powdered whole milk: Whole milk powder prices continued to rise in March, reaching €4,750/tonne at the end of the month. The supply is very limited with the decrease in the availability of fat and protein. International demand remains strong despite rising prices.
- Skimmed milk powder: skimmed milk powder prices continues to grow in March to reach 3 950€/tonne at the end of the month : still record levels. Supply is still extremely limited throughout the world. The stocks are non-existent. Demand is still good and supply insufficient.