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USDA - AMS: Oceania Dairy Market Overview (2019-01-16)

USDA U.S. Department of Agriculture - January 16, 2019


     MD_DA120

     Oceania Dairy Market Overview

     Report 3 - Released on January 16, 2019

     AUSTRALIA:

      Central and southeast Australia continue to suffer under intense daytime temperatures in
     excess of 100 degrees Fahrenheit. Some locations hover near 116 degrees. Cows and pastures
     are suffering. Much of western Australia reaches temperature highs into the 80s. The heat
     is obviously adversely affecting milk production in a country that has already opened the
     season with disappointing milk production results. Most Q1 dairy product production is
     committed. The disappointingly low milk production is crimping manufacturers' schedules.

      China is the largest single market for dairy exports from Australia according to Dairy
     Australia. It is also noted that infant formula exported to China is now Australia¶s most
     valuable dairy export to any market.

     Infant milk formula exports from Australia January-November 2018 were up 51.6 percent from
     January-November 2017, according to CLAL. Exports to China are slightly over eight times
     greater than the next nine destinations combined. The table below shows the top export
     destinations and country percent change comparing January-November 2018 with 2017.

      Australia Infant Milk Formula Exports

                      % Change
     Destination      Jan.-Nov. 2018/2017
     China             +68.0
     Taiwan           +109.0
     Hong Kong         -52.5
     South Korea      +155.0




     NEW ZEALAND:

      Temperatures in much of the North and South Islands are reaching daytime highs in the 70s
     and 80s Fahrenheit. Milk production continues to be strong. The early new year has produced
     renewed dairy product market and trading activity. Manufacturers are increasingly working to
     assure adequate low season carryover stocks are in place for June, July and August, while
     also finalizing good sales opportunities for the near term. Optimism remains that this will
     be a strong milk production season in New Zealand.

      This month marks another annual January downward adjustment of tariffs applicable to dairy
     exports from New Zealand to China under the 2008 free trade agreement between New Zealand
     and China.

     Information for the period January 7 - 18, 2019, issued biweekly

     Published by:
     Dairy Market News - Madison, WI
     Eric Graf, 608.422.8590
     Email: eric.graf@ams.usda.gov

     Additional Dairy Market News Information:
     Dairy Market News (DMN) by Phone: (608)422-8602
     DMN Website: http://www.ams.usda.gov/market-news/dairy
     DMN Database Portal: http://www.marketnews.usda.gov/mnp/da-home

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