Summary
Dairy commodity quotes for 6 August 2026 show Fonterra whole milk powder at 27,800 yuan per tonne across Shanghai, Zhongshan and Tianjin, while locally produced whole milk powder is quoted at 27,000 yuan per tonne in Anhe, Qishi and Ningxia. New Zealand OCD whey protein concentrate WPC34 is priced at 56,500 yuan per tonne. Imported butter ranges from 1,070 to 1,450 yuan per carton, anhydrous milk fat from 50,500 to 51,000 yuan per tonne, and cheese from 800 to 850 yuan per carton.
Forward quotes put NZMP butter at 1,070 yuan per carton for September-October 2026 delivery, easing to 1,030 yuan per carton for Q1 2027.
Commentary
Fonterra's whole milk powder quote of 27,800 yuan per tonne sits just 3 percent above the local product at 27,000 yuan, roughly half the gap seen at the start of the year. Expanding domestic milk supply is eroding the import premium. NZ small and medium-sized businesses should sharpen their grass-fed and organic positioning to avoid competing purely on price.
Whey protein WPC34 remains steady at 56,500 yuan, supported by sports nutrition and bakery demand. South Island processors could target direct sales of small-pack products to China's fitness channels. Forward quotes for NZMP butter ease quarter by quarter from 1,070 to 1,030 yuan per carton, pointing to rising supply from the new Oceania season.
Firms with thin margins could lock in some value via forward contracts to cushion price declines.
Keywords: dairy commodities, quotes, imported milk powder, domestic milk powder, butter, anhydrous milk fat, cheese, forward quotes
Source: ZAKER
Disclaimer: This article is compiled from publicly available sources for general information only. The analysis and commentary are editorial opinions. MiDeer Observer does not guarantee the accuracy or completeness of the information provided. Readers should seek independent professional advice before relying on this content, or contact us for more information.
