AusExport Index

17 September 2018

The Australian dairy export index fell marginally this week, the result of a stronger Australian dollar and despite steady-to-higher product prices.

In average spot quotes from Australasian exporters, cheddar prices lifted US$25/t from the previous week to US$3,800/t. SMP prices also increased for the second consecutive week in a row – up US$5/t to US$2,030/t. Butter and WMP prices were unchanged from the prior week at US$4,400/t and US$2,850/t respectively.

The Australian dollar ended the week higher at US$0.7150, reflecting stronger-than-expected local jobs data, as well as hopes for a restart of trade talks between the US and China and a progress on NAFTA between the US and Canada.

These factors combined to prune 0.4 points from the index, which now stands at 194.8. The weekly spot commodity milk value for southern Australian dairy manufacturers declined 2 cents to $5.43/kgMS.

Take Note: – The index is an indicator of spot trends in gross export returns to the Australian dairy industry based on quoted Australasian dairy commodity export spot prices, movements in currency and the mix of total milk usage in product exports by the Australian industry.

This index was set at 100 on 1 January 2000.

Freshagenda’s Australian Dairy Export Index is an indicator of spot trends in gross export returns to the Australian dairy industry calculated by Freshagenda

The Australian Dairy Export Index is an indicator of average spot quotes from Australian exporters and in one of many ways specialist food industry consultants Freshagenda monitor developments in Australia and global dairy markets.

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