Tom Soutter

Trader

Tom joined CZ in 2019 and is part of our Food Ingredients & Packaging Team. Tom's core focuses are on structuring supply chain services in the ANZ region and building our Global Dairy business. Before joining CZ, Tom began his career in the dairy industry. He holds an BCom in Finance and a BSc in Pure Mathematics from Otago University and is also a CFA Charterholder.

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EU SMP Demand Could Heat Up as Super El Nino Looms

Insight Focus Three major SMP demand outlets – Brazil, Mexico an...

A close-up view of a machine filling glass bottles with milk in a production line. The bottles are held in blue holders and arranged in rows, while the metal nozzle dispenses milk into one jar.

NZ Dairy Asset Ownership, Butter, Powder Prices at Volatility Extremes

Insight Focus NZ milk collections started the season strongly. Non-Fon...

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NZ Braces for Dairy Storage Crunch as China Keeps Buying

Insight Focus Chinese WMP demand lifts prices amid low stocks and stor...

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US Encroaches on Premium Dairy Markets as NZ Seals Japan Deal

Insight Focus New Zealand secures strategic cheese deal amid tight sup...

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China Buys Yellow While the World Sees Red: How NZ Milk Became a Risk Hedge

Insight Focus China dairy demand keeps NZ pricing firm despite strong ...

A close-up of a metal dispenser pouring milk or yogurt into glass jars, which are held upright by blue plastic holders in a tray. Several jars are already filled, lined up in rows.

Who Wins When Dairy Gets Defensive?

Insight Focus If Poland gets hit with FMD, it will be hard to ignore. ...

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Who Wins When Dairy Gets Defensive?

Insight Focus If Poland gets hit with FMD, it will be hard to ignore. ...

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PKE Drives NZ Milk as Irish Butter Races Tariffs to Market

Insight Focus Smaller NZ dairy processors keep gaining share, though F...

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Does German Foot & Mouth Impact Outweigh Strong NZ Milk?

Insight Focus Strong New Zealand supply continues; FMD disrupting Germ...

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Dairy Industry Asks ‘Will WMP or AMF Prices Crack First?’

Insight Focus China is driving WMP demand, but a bearish outlook persi...

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NZ October Milk Closer to +2% YoY?

Insight Focus October cold snaps may have slowed NZ milk production ga...

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Favourable Weather Could Push September NZ Milk Production up 9% YoY

Insight Focus New Zealand’s milk production surged by 10% YoY ...

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Dairy Monthly: WMP Undervalued, EU Battles Bluetongue

Insight Focus Strong EU butter and SMP prices are pushing New Zealand ...

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Dairy Monthly: China Exports AMF, Fonterra Forges Ahead

Insight Focus The traditional top three European supply nations are ho...

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Dairy Trading Strategies: Constructing a Basis Hedge

Insight Focus Brazilian milk powder prices show limited correlat...

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Dairy Monthly: Milk Production Diverges in Key Regions

Insight Focus German milk production was strong, while weakness in Fre...

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Dairy Monthly: EU, NZ Pricing Strong Amid Unusual Weather

Insight Focus A mixed bag for milk production across Europe. Strong pe...

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2024 YTD Milk Production Trends

Insight Focus European milk production is close to 2023 levels. This h...

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Milk Market Insights: Production, Trends, and Risks

Insight Focus European milk production stable; UK poised to surpass la...

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European Milk Collections Rebound Strongly

Insight Focus German production has risen and continues to show streng...

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Weather Provides Surprise New Zealand Milk Production Surge

Insight Focus December NZ milk production surpassed expectations at 22...

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Dairy Trading Strategies: Calendar Spreads

Navigating the complex world of futures trading can be a daunting task...

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NZ Milk Production Insights: Trends and Market Dynamics

Insight Focus November Milk Collection: NZ hits 239.2m kgMS; non-Fonte...

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Milk Wars: New Zealand’s Milk Collection Skirmishes

Insight Focus October milk collections in New Zealand hit 254.4 millio...

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Moo-ving On Up: New Zealand’s Milk Rebound and WMP Whispers

Insight Focus New Zealand milk collections rebounded in September. Vol...

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Dairy Trading Strategies: Technicals

The use of technical analysis in predicting stock trends can be comple...

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NZ Milk Collections, Market Insights, and Dairy Futures: A Comprehensive Overview

Insight Focus New Zealand Non-Fonterra milk collections exceed expecta...

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Dairy Trading Strategies: Volatility

Insight Focus Volatility is mean-reverting in the medium to long term....

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Strategic Moves by NZ Dairy Players, China’s Imports, and Market Trends

Insight Focus Fonterra maintains 79.1% market share for their FY23. Ol...

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Dairy Trading Strategies: Mean Reversion, Long-Run Mean & Half-life

In the world of dairy investments, understanding the concept of mean r...

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Dairy Disruptions: Growing Chinese Milk, NZ Shifts & Fonterra’s Forecast Shake-Up

Insight Focus Non-Fonterra processors steadily eke out market share ga...

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Dairy Trading Strategies: Cross-Commodity Spread Trades

Cross-commodity spread trading, exemplified in the dairy industry, inv...

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Record New Zealand Milk Collections, & Uncertainty in Key Destinations

Insight Focus Record-high May New Zealand milk collections. Warmest Ma...

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Dairy Trading Strategies: The Cash-and-Carry Trade

This article will be the first in a series which sets out to unpick se...

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Milk Collections Soar in NZ, Challenges in Europe

Insight Focus Record-breaking April milk collections in New Zealand du...

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Unlocking New Zealand’s Dairy Secrets: Non-Fonterra Milk Growth

Insight Focus Non-Fonterra dairy processors gain ground. Small process...

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What Happened to the Dairy Charts We Told You to Watch in June

Some Useful Acronyms: SMP (Skimmed Milk Powder), FFMP (Full Fat Milk P...

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Czapp Explains: Skimmed Milk Powder vs. Whole Milk Powder

Other Opinions You Might Be Interested In… An Introduction to Dairy ...

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Five Dairy Charts You Should Be Watching Right Now

Some Useful Acronyms: SMP (Skimmed Milk Powder), FFMP (Full Fat Milk P...

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What Drives Emerging Markets to Buy Dairy Powders?

784 words / 3.5 minute reading time The most important things for an e...

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Are Plant-Based Alternatives a Real Threat to Dairy?

873 words / 4 minute reading time Fluid milk consumption is fall...

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Dairy Market Hurt by COVID-19 and Oil Price War

908 words / 4.5 minute reading time Some Useful Acronyms: Europe...

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Can Reservoir Levels Predict India’s SMP Import Requirements?

691 words / 3 minute reading time The obvious headlines surround...

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Risks to the SMP Market: Coronavirus, Drought and More

994 words / 5 minute reading time The coronavirus could impact t...

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(NEW) The Big Three Dairy Tenders: Vietnam

420 words / 2.5 minute reading time Yesterday, we discussed Cuba (Alim...

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(NEW) The Big Three Dairy Tenders: Cuba

A New Year, a New Dairy Series Welcome to Czapp’s latest dairy...

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An Introduction to Dairy – Whole Milk Powder (WMP)

1,158 words / 7 minute reading time A Brief Overview This is the final...

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An Introduction to Dairy – Cheese

1435 words / 9 minute reading time A Brief Overview This week, we’re...

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An Introduction to Dairy – Butter

1394 words / 9 minute reading time A Brief Overview Last week, this se...

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An Introduction to Dairy – Skimmed Milk Powder (SMP)

833 words / 5 minute reading time A Brief Overview So far in this dair...

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An Introduction to Dairy – Europe

1036 words / 6.5 minute reading time A Brief Overview So far in this d...

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An Introduction to Dairy – USA

1047 words / 6.5 minute reading time A Brief Overview Last week, we re...

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NEW: An Introduction to Dairy – New Zealand

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