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Breaking News on Dairy Processing & Markets

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.

Saputo to axe 230 jobs with three plant closures

Canadian dairy giant Saputo is closing three of its facilities in eastern Canada.

Report looks at Scottish butter and cheddar markets

Scottish processors struggle to create strong cheese and butter brands that can compete with large multinational processors, according to a recent report. 

Valio looks to 2016 after bad year

Finnish dairy farmer entrepreneurs and Valio had a bad 2015, according to the cooperative.

EC invokes special measures to address Europe dairy crisis

The European Commission (EC) has announced a package of exceptional measures to support EU farmers, including a limited time when Member States can determine their own supply and production limits.

Glanbia and partners launch dairy farmers loan fund

Glanbia, the Ireland Strategic Investment Fund, Rabobank and Finance Ireland have announced plans for a new $110m (€100m) Glanbia MilkFlex Fund.

Ekosem-Agrar publishes preliminary figures for 2015

Ekosem-Agrar GmbH, the German holding company of Russian milk producer Ekoniva Group, says it has reached the targets set for 2015 according to preliminary figures.

Fonterra drops milk price again

Fonterra has reduced its forecast farmgate milk price for the 2015/16 season by 6% from $2.80 (NZ$4.15) per kgMS to $2.63 (NZ$3.90) per kgMS.

Record earnings for Land O'Lakes - but commodity woes take $2bn sales toll

Crop inputs and dairy goods supplier Land O’Lakes has reported record earnings in 2015 – although total sales were down almost $2bn on the previous year.

EFRA report recognizes threat to dairy farmers

While the GDT (Global Dairy Trade) price index was up this week, UK milk prices were cut again. In response to the calls for action, a UK government committee report...

New Dairy Crest contract, First Milk drops prices

Dairy Crest (DC) and Dairy Crest Direct (DCD) have announced their new Davidstow Balancing Contract, while First Milk has simply cut prices for some of its UK farmers.

News in brief

USDA dairy predictions down

The US Department of Agriculture (USDA) Outlook for U.S. Agricultural Trade has been published, and it forecasts agricultural exports in FY 2016 at $125bn, $6.5bn below the November projection and...

Bega Cheese revenues up

Bega Cheese has announced a normalized 9.9% increase in profit after tax, a revenue increase to $403.5m (A$561.4m) and an EBITDA of $23.6m (A$32.9m) in its 1H 2016 financial report...

Dairy UK asks for government support for dairy products

Dairy UK is urging the UK Government to 'lend its full weight' to extend intervention to create outlets for dairy products this spring and summer.

Dairy down slightly as Nestlé profits drop

In its 2015 financial report issued today, Nestlé announced sales of $89.5bn (CHF 88.8bn), stating that this equated to 4.2% organic growth and 2.2% real internal growth.

Lion optimistic of growth

Australian company Lion has announced its trading update for the year ended September 30, 2015 in conjunction with Kirin Holdings’ full year announcement.

Big brand, big trust: Land O’ Lakes, Coca-Cola and Kellogg’s have consumers’ trust

Name recognition won the day in the 2016 BrandSpark Most Trusted Awards, as brands such as Kraft, Kellogg’s, and Folgers won big in their representative categories.

Dairy Australia predicts challenging times

Decreasing global dairy prices, dry conditions and high input costs are tightening margins for Australia’s dairy farmers, and reducing national milk production, according to the latest Situation and Outlook report...

News in brief

Savencia sales dip 3.6%

In 2015, French producer Savencia Fromage & Dairy achieved total net sales of $4,971m (€4,442m), down 3.6% over 2014.

Weak Canadian dollar helps Saputo earnings

Canadian dairy company Saputo Inc. reported its financial results for the third quarter of fiscal 2016, which ended on December 31, 2015.

Emmi happy despite decline

Swiss dairy manufacturer Emmi generated net sales of $3.2bn (CHF 3,213.9m) in 2015, a decline of 5.6 % over the previous year.

News in brief

Synlait latest to drop milk price

Synlait Milk is the latest company to revise its forecast milk price for the 2015/2016 season, following similar news from Fonterra, Westland Milk and Open Country.

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