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Breaking News on Dairy Processing & Markets

Fonterra boosts forecast milk price

Fonterra Co-operative Group Limited has today announced an increase to its 2016-17 forecast Farmgate Milk Price.

Arla Foods hikes September milk price

Arla Foods is to up its milk prices next month after holding its August rate.

USDA to buy 11 million lbs of cheese to help dairy producers eat through surplus

The USDA has plans to purchase approximately 11 million lbs. of cheese from private inventories to assist food banks and pantries across the nation, while reducing a cheese surplus that...

Commission releases draft report on Fonterra’s base milk price calculation

New Zealand’s Commerce Commission has released its draft report on Fonterra’s base milk price calculation for the 2015-16 dairy season.

New US-Mexico Dairy Alliance 're-energizes' commitment to NAFTA agreement

Leaders of U.S. and Mexican dairy industry organizations have signed a US–Mexico Dairy Alliance pledging to work together to boost trade between the two countries.

Benemilk operations reduced

According to a media release from Finnish food company Raisio plc, the short-term outlook for its subsidiary, Benemilk Ltd, is not favorable.

Müller sends letter to farmers explaining milk price

Ronald Kers, Group CEO for Müller’s UK business, has sent a letter to all the company’s UK dairy suppliers outlining its position on milk pricing.

Elmhurst Dairy to shut down operations in NYC after almost 100 years

New York City-based milk processing plant Elmhurst Dairy will officially shut down its operations after nearly 100 years in business, resulting in the layoff of its 273 employees. 

Dairy Crest and First Milk hike prices, Müller responds to NFU criticism

First Milk has confirmed it will increase its A prices in the UK for August and September by up to 1.25ppl (1.65 cents/liter), as well as lifting its B price...

Robot Trolley Packer packs dairy bottles at double the speed

Mechelec Automation has developed a TP1002 Trolley Packer for the dairy industry to pack NIS, INFINI and ECO dairy bottles.

New €500m support package for European farmers includes €150m for dairy

The European Commission has today presented a new package of measures worth €500m ($553m) from EU funds to support farmers in the face of ongoing market difficulties, particularly on the...

News in brief

Arla launches milk brand to give back to its farmers

Arla Foods amba has introduced Arla Farmers Milk in the UK, so consumers can pay more for milk knowing that 25p (32c) of each unit sold will go directly to...

IRI report says private label struggling

A new private label (PL) report, 'Private Label in Western Economies’, has been published by retail market analysts IRI.

EU increases dairy intervention ceilings again

The European Commission has further increased the public intervention ceiling for skimmed milk powder (SMP) from 218,000 tonnes to 350,000 tonnes.

Milk powder producers prep for future global demand despite tanking milk prices

US milk powder producers said they plan to expand production capacity, which could translate into 440m pounds per year of additional milk powder, tacking on to the already mounting global...

NZ ministry predicts strong dairy growth

The Ministry for Primary Industries (MPI) in New Zealand says that while dairy exports are down 6% in the past year, the future looks good.

Which companies pay the most for milk?

The international Milk Price Review shows the standardized milk price calculations for April 2016 deliveries.

Researchers and analysts say milk prices can recover in 2016

During the recent IFCN Dairy Conference, an annual think tank of researchers and analysts discussed the issue of current low milk prices.

Fonterra forecasts higher milk price

New Zealand dairy cooperative Fonterra has announced an opening forecast Farmgate Milk Price of NZ$4.25 ($2.86) per kgMS for the 2016/17 season, an increase of NZ$0.35 ($0.24) on the forecast...

Price of butter futures jumps by 13%

Low milk prices and a cold, wet spring across Europe have combined to push butter futures prices upwards, according to Greenfields Ingredients, the UK division of Greenfields Ireland.

News in brief

Agropur stops importing diafiltered milk

Following the establishment of an interim national program to encourage the use of Canadian milk in cheese manufacturing, Agropur Cooperative has announced that it is immediately discontinuing the use of...

Murray Goulburn slashes milk prices under revised trading outlook

Australia’s largest dairy cooperative Murray Goulburn (MG) has reviewed the expected performance of the business for the balance of FY16 and is dropping its farmgate milk price (FMP) by slightly...

Milk price crisis prompts dairy conference

In response to current low milk prices, a conference has been arranged for next month to address international responses to low milk market prices and market volatility. 

Tesco sets up cheese group

UK retailer Tesco has announced it has created the Tesco Cheese Group (TCG), which will guarantee dairy farmers an above market price for the milk they produce for Tesco’s British...

East Europe Dairy Congress held in Kiev

The East European Dairy Initiative (EEDI) held its annual East Europe Dairy Congress earlier this month in Kiev, Ukraine.

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