BusinessDesk: Key Fonterra executive resigns

They need someone with export experience, because its what they intend to do alot more of.

 

 

 

U.S. EXPORTS CONTINUE STRONG THROUGH SEPTEMBER:  (by J. Kaczor)  Exports of record or near record volumes of major dairy  commodities was reported this week for the first three  quarters of the  year.  Volumes were higher for three of the four commodities used in  milk pricing formulas used in California and federal orders.       The chart shown here compares this year’s exports through September to  the volumes for 2010.  The U.S. Dairy Export Council estimates the  milk solids in all U.S. exports so far this year totals 13.3% of production,  up from 12.4% for the same period last year.  Dry whey volume  represents the largest single exported product, representing 52.5% of the  amount produced this year.  The nonfat powder category (skim milk  powder and nonfat dry milk) totals 212 million more pounds than  dry  whey, but represents a lower percentage of their combined  production, 45.2%. [100% of SMP production is assumed to be exported.] Exports of butter represent 8.0% of production; exports of cheese other than cheddar represent 5.5% of production; exports of cheddar cheese represent 3.8% of production.  The good news does not end with the stellar volumes.  This year, prices for exported products have also been exceptionally strong. The assessment given this April by Rabobank for the leap in exports from 2002 to  2010 – good luck and good planning – continues at least in part to explain the strong showing for U.S. dairy exports.  

The Wheat price is continuing its crazy antics, the Uk has started exporting to the USA

http://www.agrimoney.com/news/us-buys-uk-wheat-highlighting-export-chal…

 

 and now the rabbit is out of the bag, it's over production, who would have guessed that farmers would respond to record prices by producing more?

http://www.bloomberg.com/news/2011-11-14/wheat-shippers-battle-for-sale…