The year 2019 began with a significant improvement in the values paid by the main dairy products in the international trade. The values of the market and future confirm trend. The sustained demand, with China buying in January +25% more skim milk powder and +31% milk powder on January 2018, and the expectation of reduced seasonal (exacerbated by the drought in Australia) of the offer in Oceania to push the prices.
The first quarter has accumulated a significant recovery for the skim milk powder with +30% over the same period in 2018, +2% for cheeses and a decline of -3% for milk powder and -12% for lard. This is underpinned by a +30% increased ability to purchase the type of change-of-quarter 2019 over 2018.
