Breaking News on Dairy Processing & Markets

Global Dairy Trade commodity prices increase fourth auction running

Commodity prices on the Global Dairy Trade (GDT) platform rose 9.9% yesterday - the fourth increase in a row. 

Fonterra lifts FGMP forecast after increase in global dairy prices

Fonterra has increased its farm gate milk price (FGMP) forecast for the 2015/16 season following a recent lift in global dairy prices. 

Farmers in all EU Member States to share €420m financial aid: Commission

Farmers across the 28 European Union (EU) Member States will share €420m in European Commission (EC) targeted financial aid.

Global Dairy Trade commodity prices rise third auction in a row

Dairy commodity prices rose today the third time running on the Global Dairy Trade (GDT) auction platform. 

Fonterra 2014/15 milk price calculation gets final Commerce Commission approval

Fonterra's milk price calculation for the 2014/15 has been given final approval by the New Zealand Commerce Commission. 

Which Member States have been worst hit by the fall in milk prices?

As Brussels decides on the allocation of targeted financial aid for dairy farmers, DairyReporter looks at which Member States have been worst hit by the fall in milk prices. 

Fonterra further reduces GDT dairy commodity offering forecast

Fonterra has further reduced its Global Dairy Trade (GDT) offering forecast in anticipation of a fall in milk production.  

Fonterra maintains milk production forecast but warns of farmer pull back

New Zealand dairy giant Fonterra has maintained its milk production forecast for the 2015/16 season, but has signaled it may decline later.

‘We did not take to the streets for this’: EMB slams EC dairy support package

The European Milk Board (EMB) has branded the €500m ($558m) EC support package, which includes targeted aid for dairy farmers, "very disappointing."

Dairy farmers to receive 'most significant part' of €500m EC support package

Dairy producers will receive the "most significant part" of a €500m ($558m) European Commission (EC) agricultural support package announced today. 

Global Dairy Trade commodity prices climb for second auction running

Dairy commodity prices rose nearly 11% earlier today on the Fonterra-owned Global Dairy Trade (GDT) auction platform.

China and Russia likely to put 'considerable pressure' on H2 dairy sales: FrieslandCampina

Lagging Chinese demand and the impact of the Russian embargo are likely to put "considerable pressure" on FrieslandCampina's sales in the second half of 2015.

Tesco yogurt pledge marks latest victory for protesting farmers

Tesco has pledged to use British milk in its own-label yogurts, as struggling dairy farmers held another protest over low milk prices last night.

Global Dairy Trade commodity prices increase after five-month freefall

Prices on the Fonterra-owned Global Dairy Trade (GDT) auction platform rose today for the first time since March.

Fonterra 2014/15 milk price calculation gets NZ Commerce Commission approval

Fonterra's farm gate milk price (FGMP) calculation for the 2014/15 season has been given the New Zealand Commerce Commission's stamp of approval.

British retailer Asda to increase price it pays per litre of milk

British retailer Asda has committed to paying 28 pence per litre of milk to its supplier, Arla Foods, to aid struggling dairy farmers. 

Fonterra placed on S&P credit watch following milk price forecast cut

Fonterra has been placed on negative credit watch by ratings agency Standard and Poor's on the same day it announced plans to reduce its Global Dairy Trade (GDT) offering.

Milk for Farmers offers consumers 'choice to support dairy farmers directly': Morrisons

British retailer Morrisons is to launch a new premium milk brand that will offer consumers the option to pay more per litre to support dairy farmers. 

Milk crisis nationalism is anti-EU, Dutch tell Commission

Calls from the French National Federation of Dairy Cooperatives (FNCL) to stop imports of foreign dairy products are contrary to EU single market principles, Dutch groups have complained to the...

Canadian dairy Saputo has confidence despite TPP uncertainty

No matter what happens with the Trans-Pacific Partnership (TPP) trade negotiations, Saputo officials say the Canadian dairy is ready.

Fonterra dismisses calls to suspend GDT after tenth consecutive price fall

Fonterra has dismissed calls for the Global Dairy Trade (GDT) online auction platform to be suspended after a tenth consecutive fall in prices.

USDA hearing to consider establishment of FMMO in California

The US Department of Agriculture (USDA) is to move ahead with a public hearing to consider the establishment of a Federal Milk Marketing Order (FMMO) for California.

Fonterra slashes workforce by more than 500 'to remain strongly competitive'

Fonterra, the world's largest dairy exporter, is reducing its workforce by more than 500 in the face of falling milk prices.

Euronext extends dairy futures fee holiday in a bid to 'trigger' interest

Euronext has extended a trading fee waiver on its dairy commodity futures by an extra three months in a bid to "trigger" interest. 

Dairy commodity futures offer post-quota Europe a milk price 'safety net': Euronext

Dairy derivative futures can provide the European dairy sector a post-quota price "safety net," says Euronext.

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