This week on Chart Chatter, Kathleen and Vuko unpack global dairy market data. GDT starts the year with the second event in a row of positive price movements with North Asia and Middle East buyers stepping in to pick up value. In Europe, European SMP exports are up 35% in November – a blend of surplus SMP on the Continent and buyers picking up attractively-priced volume. China butter imports up 29% in December in an environment with prices coming down.
Vuko and Kathleen discuss the domestic situation causing higher butterfat demand. European milk production might be cresting the wave with slower growth as prices decline in the background. And the chart of the week – a look at the impact of US tariffs on Europe if there’s no resolution on Greenland issues. Another great dive into dairy data and charts.