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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.
Dairy
  • December 5, 2024

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

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

Dairy
  • November 10, 2024

NZ October Milk Closer to +2% YoY?

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

Dairy
  • October 2, 2024

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

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

Dairy
  • September 16, 2024

Dairy Monthly: WMP Undervalued, EU Battles Bluetongue

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

Dairy
  • August 13, 2024

Dairy Monthly: China Exports AMF, Fonterra Forges Ahead

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

Dairy
  • July 16, 2024

Dairy Trading Strategies: Constructing a Basis Hedge

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

Dairy
  • July 8, 2024

Dairy Monthly: Milk Production Diverges in Key Regions

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

Dairy
  • June 10, 2024

Dairy Monthly: EU, NZ Pricing Strong Amid Unusual Weather

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

Dairy
  • May 7, 2024

2024 YTD Milk Production Trends

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

Dairy
  • April 9, 2024

Milk Market Insights: Production, Trends, and Risks

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

Dairy
  • March 12, 2024

European Milk Collections Rebound Strongly

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

Dairy
  • February 9, 2024

Weather Provides Surprise New Zealand Milk Production Surge

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

Dairy
  • January 11, 2024

Dairy Trading Strategies: Calendar Spreads

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

Dairy
  • January 8, 2024

NZ Milk Production Insights: Trends and Market Dynamics

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

Food and Ingredients
  • December 8, 2023

Milk Wars: New Zealand’s Milk Collection Skirmishes

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

Dairy Food and Ingredients
  • November 9, 2023

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

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

Dairy
  • November 7, 2023

Dairy Trading Strategies: Technicals

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

Dairy Food and Ingredients
  • October 16, 2023

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

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

Dairy Food and Ingredients
  • October 3, 2023

Dairy Trading Strategies: Volatility

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

Dairy Food and Ingredients
  • September 7, 2023

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

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

Dairy Food and Ingredients
  • September 4, 2023

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

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

Dairy Food and Ingredients
  • August 10, 2023

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

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

Dairy Food and Ingredients
  • August 7, 2023

Dairy Trading Strategies: Cross-Commodity Spread Trades

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

Dairy Food and Ingredients
  • July 11, 2023

Record New Zealand Milk Collections, & Uncertainty in Key Destinations

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

Dairy Food and Ingredients
  • July 3, 2023

Dairy Trading Strategies: The Cash-and-Carry Trade

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

Dairy Food and Ingredients
  • June 9, 2023

Milk Collections Soar in NZ, Challenges in Europe

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

Dairy Food and Ingredients
  • May 18, 2023

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

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

Food and Ingredients
  • November 23, 2020

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...

Food and Ingredients
  • November 16, 2020

Czapp Explains: Skimmed Milk Powder vs. Whole Milk Powder

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

Food and Ingredients
  • June 26, 2020

Five Dairy Charts You Should Be Watching Right Now

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

Food and Ingredients
  • May 22, 2020

What Drives Emerging Markets to Buy Dairy Powders?

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

  • April 29, 2020

Are Plant-Based Alternatives a Real Threat to Dairy?

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

  • April 6, 2020

Dairy Market Hurt by COVID-19 and Oil Price War

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

Food and Ingredients
  • March 18, 2020

Can Reservoir Levels Predict India’s SMP Import Requirements?

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

Food and Ingredients
  • February 27, 2020

Risks to the SMP Market: Coronavirus, Drought and More

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

Food and Ingredients
  • January 28, 2020

(NEW) The Big Three Dairy Tenders: Vietnam

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

  • January 27, 2020

(NEW) The Big Three Dairy Tenders: Cuba

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

Food and Ingredients
  • December 20, 2019

An Introduction to Dairy – Whole Milk Powder (WMP)

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

Food and Ingredients
  • December 13, 2019

An Introduction to Dairy – Cheese

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

Food and Ingredients
  • December 5, 2019

An Introduction to Dairy – Butter

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

Food and Ingredients
  • November 28, 2019

An Introduction to Dairy – Skimmed Milk Powder (SMP)

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

Food and Ingredients
  • November 21, 2019

An Introduction to Dairy – Europe

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

Food and Ingredients
  • November 14, 2019

An Introduction to Dairy – USA

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

Food and Ingredients
  • November 8, 2019

NEW: An Introduction to Dairy – New Zealand

939 words / 6 minute reading time A Brief Overview Welcome to the firs...

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