Canadian butter makes the greatest impact on the dairy products market.
Canadian requirements for the twelve-month period ending in March 2014 were 195.34 million kg BF, slightly up 0.16% from the base of February 2014.
Among the factors that favoured Canadian requirements, butter had the most impact. Â According to CDC estimates, butter consumption increased by 1.2 million kg of BF in March compared to last year. Â Yogurt and ice cream production also increased. Â The use of butterfat in these markets increased by 15.8% and 9.9% respectively. Â The further processing market also grew in March, although not by as much as in the last months.
Other markets did not perform as well. Â Cheese being one of them, it has been shrinking since the beginning of the dairy year. Â In March only, the use of butterfat in domestic cheese classes declined by 15%. Â Two factors explain this trend: the reintroduction of stocks on the market and a weaker cheese consumption. Â It is also worth noting that skim-off from the fluid milk market has increased in March. Â Besides, we observe that skim-off deviates more often than before from its long-term downward trend.
Total milk deliveries decreased by 1.4% in March in comparison to the same month last year. Â More specifically, fluid milk deliveries fell by 1.0% while deliveries of industrial milk decreased by 1.7%.
View the complete report by clicking here.Â