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Breaking News on Dairy Processing & Markets

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.

Tetra Pak 2014 financial results

Tetra Pak challenges: Losing market share on ambient white milk to NSS & increased competition from the plastics industry

Tetra Pak has released its financial results for 2014 with €10.9bn net sales, up 1.7% from 2013, with strong growth in Capital Equipment and Technical Sales.

Dispatches from Anuga FoodtEC 2015

Bartec Benke sees roaring trade with Tiger milk measuring system

Bartec Benke claims to have seen a roaring trade with its Tiger milk measuring system, as Bartec closes its largest acquisition to date with Top Group.

British taxman vows to treat struggling dairy farmers 'sympathetically'

HM Revenue and Customs (HMRC), responsible for the collection of UK tax, has vowed to treat struggling British dairy farmers “sympathetically.”

Arla Foods opts not to issue 2015 forecast after 'volatile' 2014

Following an "extremely volatile" 2014, Arla Foods has opted not to make a revenue or price performance forecast for the year ahead.

US COMMODITIES CORNER

Is 'anticipation of reduced demand' for cheese behind Class III milk price fall?

"Anticipation of reduced demand" for cheese appears to be behind the fall in the price of Class III milk, says DairyReporter.com's US commodities expert, John Geuss.

MULLER WISEMAN INSISTS IT USES BRANDS AND FLAGS AS 'HALLMARKS OF QUALITY'

Where's that missing Red Tractor? FFA slams Muller Wiseman for lack of milk quality logo

UK lobby Farmers for Action has hit out at UK milk processors including Muller Wiseman for not including a Red Tractor logo on milk containers to signal British quality –...

USDA urged to implement FMMO in California to amend 'disparity in pricing'

The US Department of Agriculture (USDA) has been urged to implement a Federal Milk Marketing Order (FMMO) in California to reduce the "disparity" between Class III and Californian Class 4b...

British dairy farmers 'need greater price protection': MPs

MPs have called on the British government to provide dairy farmers more protection against falling milk prices. 

First Milk 'very safe' financially despite milk payment deferral

British dairy cooperative First Milk insists its business is "very safe" despite cash flow problems that forced it last week to defer milk payments to its farmer members. ...

US COMMODITIES CORNER

How does the US milk producer payment system work?

To kick off 2015, DairyReporter.com's US commodities expert, John Geuss, explains how American milk component prices are devised.

Milk quota abolition will leave GDT auction more 'attractive' to dairies

 GlobalDairyTrade (GDT) will become more "attractive" to dairies as a result of the European Union (EU) milk quota abolition in 2015 , the auction platform believes.

US COMMODITIES CORNER

US dairy exports 'falling significantly' as value of the dollar rises

With the value of the dollar rising, US dairy exports are falling. DairyReporter.com's US dairy commodities expert, John Geuss, explains why...

Fonterra slashes forecast FGMP again as volatility continues

Fonterra has slashed its farm gate milk price (FGMP) forecast for the 2014/15 season to NZ$4.70 (US$3.63, €2.93) - the third such reduction since it was first announced in May.

IN DISCUSSION WITH...FABIO THOMAZELLI, TETRA PAK

Tetra Pak says dairy consumers ‘tend to accept’ less package functionality

Tetra Pak says it’s vital for its customers to strike a balance between ideal package functionality and carton cost, with liquid milk one segment where consumers tend to favor a...

Fresenius tightlipped on joint bid for Danone medical nutrition business

Fresenius is staying tightlipped on reports it and Permira, a European private equity firm, have teamed up in an attempt to acquire Danone's medical nutrition business. 

EC pledges €28m for Baltic dairy farmers impacted by Russian embargo

The European Commission (EC) has pledged €28m (US$35m) in financial aid for Baltic milk producers “particularly adversely affected” by the Russian embargo.

Russian embargo: 21 states urge Commission to preserve agri reserve funds

Twenty-one member state agricultural ministers have urged the Commission not to cut agri budgets and called for extra emergency funds to help counter the Russian embargo on European food imports....

US COMMODITIES CORNER

Why are US butter prices 'dropping like a rock' after record highs?

After reaching an all time high in September 2014 US butter prices are now "dropping like a rock," says DairyReporter.com's US dairy commodities expert, John Geuss.

EC considering aid for embargo-hit dairy farmers in Finland, Baltics

The European Commission (EC) is considering financial aid for dairy farmers in Member States hit hard by the Russian embargo, such as Finland and the Baltic states.

FFA urged to 'stop and think' ahead of Müller Wiseman milk price protest

Müller Wiseman Dairies has urged Farmers for Action (FFA) to "stop and think" about the damage its planned milk price protests could have on the sector.

‘It was open, we used it’: Assolatte defends 'disproportionate' Italian cheese PSA use

The Italian Dairy Association (Assolatte) has defended the “disproportionate” use of European Commission (EC) private storage aid (PSA) by Italian cheesemakers that led to the scheme's closure. 

News in brief

Molkerei Ammerland completes first GlobalDairyTrade SWP auction

German dairy cooperative Molkerei Ammerland has completed its first sweet whey powder (SWP) auction on the Global Dairy Trade (GDT) platform.

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