Fonterra Reduces Dairy Prices, but Conaprole Remains Reassuring
Sourse: dairynews.today
Fonterra experiences a new drop in dairy prices, yet Conaprole emphasizes sales, low stocks, and payment certainty for Uruguayan producers.
During the latest Global Dairy Trade auction managed by Fonterra, whole milk powder saw a significant drop of $84, landing at $3,922 per ton, breaking the psychological $4,000 barrier for the first time after four consecutive declines. Conversely, skimmed milk powder showed resilience with a second consecutive increase of $4, reaching $2,708 per ton. Alejandro Pérez Viazzi, Conaprole's vice president, conveyed optimism, stating that "the current prices remain good" despite less dynamic market conditions.
With substantial volumes already sold, low stock levels, and production above the spring seasonal average, the cooperative provides "certainty" to producers. Conaprole anticipates a short-term rebound in prices and will pay 50% of a previously announced reliance. In June, the price reached $0.44 per liter, a significant level for recovering purchasing power compared to previous years.
Despite ongoing global market volatility and unfavorable exchange rates for exporters, the cooperative maintains "good price levels" in placements, sustaining a relatively stable environment for Uruguay's dairy sector.
With substantial volumes already sold, low stock levels, and production above the spring seasonal average, the cooperative provides "certainty" to producers. Conaprole anticipates a short-term rebound in prices and will pay 50% of a previously announced reliance. In June, the price reached $0.44 per liter, a significant level for recovering purchasing power compared to previous years.
Despite ongoing global market volatility and unfavorable exchange rates for exporters, the cooperative maintains "good price levels" in placements, sustaining a relatively stable environment for Uruguay's dairy sector.
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