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Europe wins battle with Oceania over butter prices - for now

... with GlobalDairyTrade butter prices rising, to stem their discount to EU values. But a whole milk powder battle remains live

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Butter price surge may 'prompt fundamental market change' - Arla
Arla boss Peder Tuborgh sees a shake-up, if the rally continues which has, for the first time, made dairy fats more expensive than protein
EU livestock recovery set to slow over next six months
EU feed company ForFarmers says rising first half 2017 profit reflects better dairy and pig markets in Europe, but growth may slow over the full year
Another GDT fall for butter, as SMP values level
Another small fall in overall GDT auction values sees butter still off its recent high, but SMP halt the downwards drift
Food prices hit highest since 2014, led by dairy, grains, sugar
Food prices have now recovered 20% from a low last year, the UN FAO says. But the data come amid doubts over the dairy price rally continuing
Ausnutria shares hit record high, as its milks Chinese market
The dairy group reveals a "positive profits alert", citing China's infant formula market - which has caught out the likes of Parmalat
Dairy recovery spurs feeds revival at NWF
The feed-to-fuel group unveils a rise in earnings, after a turnaround in the dairy sector fostered revival in the feeds division
Fonterra lifts milk price forecast, citing 'strengthening demand'
The dairy giant raises its outlook for prices paid to New Zealand farmers, as whole milk powder futures gain, lifted by the butter rally
Carr's notes recovery in both its US and UK farm markets
Carr's Group, the animal feed producer with operations in the US and UK, says both farm markets are recovering, with rising milk prices helping
Butter and cheese help dairy commodity prices stabilise
The latest GDT dairy commodities auction in New Zealand has seen the world price index stabilise. But SMP stocks still overhang the market
'Positive' outlook to spur investment in New Zealand ag
Dairy farm prices in the top milk exporting country extend their revival against an upwards, if slowing, trend in milk prices
Grain prices rise at quickest in 3 years - despite 'abundant' supplies
The UN, while cuttings hopes for the world wheat harvest, says supplies are "ample" nonetheless. Still, grain prices rise, as do dairy values
New Zealand milk output to pull out of decline, as prices recover
... to judge by a forecast from sector giant Fonterra. Still, milk output will remain below record levels, amid some farmer debt struggles
Feature
As sugar goes out of fashion, fat comes back in

... in dairy at least, where Dairy Australia flags "strong and growing demand for butter", which may force "structural" industry change

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