Close×

The global dairy ingredients market is firming, although the US-China trade dispute and Brexit confusion could affect the stability of global dairy commodities, according to a market update from Maxum Foods.

The Australian ingredients company says global milk supply growth has slowed to a halt, while trade volumes are growing with attractive commodity prices for buyers, with the overall market is firming as a result.

According to Maxum, however, the ongoing effects of the US-China trade dispute and the confusion of Brexit present “clear dangers” to the market’s stability.

“The cloud of a Brexit “no-deal” hangs over the market with moderate risks for disruption to the significant cheese trade into the UK, and potential impact on other commodities if milk use in the UK’s major cheese suppliers’ changes,” the company says.

In other parts of the world, pasture conditions in New Zealand have been excellent, pushing milk output to record levels, and Chinese milk powder demand has surged significantly to help soak up NZ’s additional output, according to Maxum's market update.

Packaging News

Unpacking the opportunity that is packaging print: the Print21 + PKN LIVE annual conference for the packaging print community will take place on 12 August in Sydney. With strong industry support and a stellar line-up of speakers and panellists, the event is shaping up to be a calendar highlight this year.

Western Australia's Hunt and Brew can now serve its cold brew coffee products Australia-wide after turning to Jet Technologies for a bespoke filling solution to extend product shelf life in stores and in transit.

The emergence of direct-to-package and direct-to-container printing is shaping up as a major threat to traditional label printing; however, for now label printing is still on the rise, to the tune of 4.4 per cent a year.