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Market Digest: stories from around the world
Phelim O'Neill
Brief news snippets from Russia, Canada, Argentina and China.
12 May 2024 News
Consumer demand is crucial to milk price recovery - Rabobank
Rabobank says cautious spending on the part of European consumers has led to predictions of flat demand this year.
8 May 2024 News
Dairy market recovery stalls - Rabobank
Increased domestic milk production in China will result in an 8% reduction in net dairy imports this year compared to 2023.
Chinese farmers dump milk amid financial losses
Culling cows was a first and easy step, but the price has bottomed out for culled cows and for many farms that are highly leveraged, having invested at the peak, the losses are significant.
8 May 2024 Viewpoints
EU farm inputs 32% above pre-COVID-19 levels
The affordability of fertilisers has been improving as EU fertiliser production continues to recover, the European Commission said.
5 May 2024 News
Strong beef demand from China
China's beef imports in the first quarter increased, even though the USDA forecast overall decline in 2024.
28 April 2024 News
Australian sheepmeat exports exceed 50% of global trade for first time
The increase in exports in 2023 to approximately 550,000t occurred on the back of record levels of production.
7 April 2024 Markets
Irish beef worth almost €600,000 exported to China
Some 165t of Irish beef was exported at a price of €3,616/t in January.
30 March 2024 News
Slump in New Zealand beef and sheep farm incomes
New Zealand beef and sheep farm incomes for the 2023/24 season are expected to fall to levels last experienced in the 1980s.
17 March 2024 News
Jump in Brazil’s beef export capacity to China
Huge increase in Brazil's beef export capability to China increased by 50% with 24 more factories approved.
15 March 2024 News
Market Digest: stories from around the world
Brief news snippets from USA, Netherlands, New Zealand and China.
13 March 2024 World
China's move to electric vehicles
"The electric tractor space seems to be wide open at the moment." - Ian Lahiffe
13 March 2024 Viewpoints