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Breaking News on Dairy Processing & Markets

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Arab Revolt underlines the need for action to remedy high food prices

When Tunisian street vegetable vendor Mohamed Bouazizi chose to end his life in fiery suicide, no one could have foreseen the firestorm his death would unleash across the Arab world....

Danone ups guidance for 2011 but warns of commodity price hike

Danone has upped its sales revenue guidance for 2011, encouraged by a positive pricing performance in the last quarter. But the French dairy giant warned of a 6-9 per cent...

UK farmers face £330m payment gap as costs outstrip prices

UK farmers face a £330m gap between the price that milk buyers pay for the product and the costs of producing it, according to a new report by the National...

FAO figures reveal January surge in world dairy prices

Global dairy prices leapt up in January rising more than any other group of food commodities in the monthly Food Price Index, published by the UN food agency.

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Unilever Q4: Sales up 5.1%; but operating margins hit by commodity price hikes

Unilever has beat analysts' expectations with a 5.1% rise in underlying sales in the fourth quarter, but said operating margins were dented by commodity price hikes.

Drought in New Zealand tipped to push up dairy commodity prices

Drought in New Zealand and continued strong buying from Russia and China are expected to keep international dairy commodity prices buoyant in early 2011, according to Rabobank.

Packaging material price hikes continue to challenge, finds FoodProductionDaily survey

The results of the inaugural FoodProductionDaily.com survey gauging the outlook for the food and drink processing industry reveal that commodity and packaging material price increases, the bugbear of the past...

News in brief

Low UK milk prices can only improve, says Carrs

Carr Milling Industries revealed a 27 per cent jump in its annual profits this week, but highlighted milk as the "notable exception" among farm commodities in the UK.

Arla Foods Milk Partnership slams milk price war

The boss of one of the UK’s biggest milk supply groups has slammed cost-cutting by discount stores that he claims has taken £252m out of the supply chain.

IDB chief puts a price tag to Irish milk output push

The head of the Irish Dairy Board (IDB) has warned that expanding the Irish milk output by 50 per cent could cost the industry €850m.

News in brief

USDA says Italian dairy sector is on the mend despite price war

The Italian dairy sector is starting to look up after a long period of restructuring that forced more than 30,000 farmers to shut down but tensions remain between producers and...

Huhtamaki to sell bulk of European rigid packaging ops in cut price deal

Huhtamaki has reached an agreement to sell most of its European rigid packaging operations for €52m as part of an ongoing strategy to offload what it sees as a non-core...

News in brief

Dairy Crest announces milk price increase

Dairy Crest UK has announced a 0.5p/litre milk price increase for its suppliers from 1 October 2010.

Commodities to rise but you’ll cope, analyst tells industry

European food manufacturers will experience commodity inflation in the second half of 2010 but it will be more manageable than it has been in the past, predicts an analyst.

Prices rebound at latest Fonterra auction

Prices at the Fonterra globalDairyTrade auction have rebounded after two successive months of decline, suggesting renewed firmness in the market.

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Don’t worry about wheat prices: Look at grain stocks

There’s nothing like a shortage of wheat to send some news media searching for superlatives. Talk of “soaring” wheat prices and “rocketing” bread prices were common, in the British press,...

French industry agrees to price increases and competition indicator

French dairy farmers and processors have agreed to a 10 per cent increase in the price of milk for 2010 and have signed a pact to keep prices closer in...

Fonterra reports slide in auction prices

Prices at the Fonterra globalDairyTrade auction have fallen sharply for the second month running, prompting the dairy to warn farmers of a lower than forecast payout.

Danone: Health claim uncertainty not to blame for share price shake

As Danone’s share price continues to fall three days after its half year results were released, the company cites several potential reasons for the dip but insists that health claims...

Fonterra reports sharp dip in dairy prices

Fonterra has revealed that prices were down sharply at its latest auction, as concerns about supply, which had fueled recent price increases, eased.

Dairy price pressures to ease up end of 2010, Rabobank

As supply increases from producers in the Southern hemisphere and demand growth slows the currently high global dairy prices are expected to ease somewhat, according to market analysts.

News in brief

FrieslandCampina moves away from commodities

Multinational dairy company FrieslandCampina has revealed its strategy for the coming decade in which it plans to expand globally and shift its focus to three specialised product categories.

Release of SMP intervention stocks could deflate prices

The EU Commission has agreed to start releasing intervention stocks of butter and skimmed milk powder (SMP) sparking some concern that the price recovery could be jeopardised.

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Realistic prices needed for European food stability and to safeguard society

Please: A big round of applause for Jozsef Kapuvári. Who? You might well ask. Kapuvári is the author of an EU report that highlights the importance of realistic food prices...

Glanbia revises earnings forecast as dairy prices rebound

Glanbia is revising its 2010 earnings per share guidance upwards as figures from the dairy ingredients business improve with the recovery in global dairy prices.

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