Breaking News on Dairy Processing & Markets

Fonterra not breaking proposed farm gate milk pricing rules – NZ competition authority

Dairy giant Fonterra is operating within the rules when it sets the price it pays to farmers for their raw milk, the New Zealand Commerce Commission has confirmed.

‘Milk crisis’ fuels dairy industry EC antitrust investigations

The dairy sector looks set to remain a “high priority” for competition authorities across Europe as the industry continues to grapple with the current ‘milk crisis’.

Milk Link CEO predicts 'sharp' fall in dairy commodity prices

Milk Link CEO Neil Kennedy says market conditions for the next year will likely remain challenging with dairy commodity returns ‘sharply down’ in comparison with historical prices in the short...

Declining raw milk prices support ‘strong’ Dean Foods Q1 results

US processor Dean Foods has reported 'stronger than forecasted' results for the first quarter of 2012 – citing the declining price of raw milk and solid growth across its segments as defining factors....

Milk giants slash supplier price

Dairy Crest and Robert Wiseman Dairies are cutting the price they pay suppliers for milk, with both citing the current ‘challenging’ market environment.

Food prices down slightly but remain high, reports FAO

Global food prices fell by 1.4% in the last month but seem to have stabilised at a relatively high level, says the United Nations Food and Agriculture Organization (FAO).

Nestlé admits ‘quite dramatic’ US ice cream price hikes as it ditches promotions

Nestlé has revealed that cost pressures affecting its US ice cream business led to it scrap promotion-led sales in 2012 and says the impact on pricing had been “quite dramatic”.

US judge dismisses milk price-fixing racket claims against Dean Foods

Dean Foods has announced the dismissal of a Tennessee retailer-led action alleging that – together with other defendants such as Dairy Farmers of America – it conspired to only buy...

‘Spice spice baby’: Possible price hikes loom for premium vanilla ice cream?

Steep hikes in world prices for black vanilla could mean higher production costs for premium ice cream makers, according to commodity analyst Mintec, which is advising ice cream producers to...

‘Price battle’ hits Fonterra consumer sales in Australia, NZ

A retail price war in Australia and New Zealand hit Fonterra’s consumer sales hard in the first half of 2012, while the firm said a strategy refresh will see it...

Tight supply and high prices in guar gum look set to continue

Tight supply and high prices in guar gum are set to continue until at least the end of 2012, and probably beyond, claims a leading hydrocolloid industry analyst.

Tumbling dairy prices up in latest Fonterra Global Dairy Trade auction

The majority of internationally traded commodity dairy products traded in the latest Fonterra Global Dairy Trade auction event sold for higher prices, arresting a series of price slides dating back...

New yogurt stabilisers address soaring gelatin prices: Cargill

Cargill has unveiled a new stabiliser system that it says will help dairy food manufacturers avoid the rising cost of gelatin in yogurt production.

International prices drive Irelands’ ‘highest ever’ dairy exports, Teagasc

Ireland’s “highest ever” dairy exports were aided by the closing price gap between world and EU commodity markets, with full year figures forecast to reach €2bn, according to Teagasc.

Dairy prices to soften, says Glanbia

A modest weakening in dairy prices is expected, forecast Glanbia, as the company posted a profit jump in its half year results.

Indian milk products to see price rise

The price of milk and milk-based products in India is set to surge on the back of a variety of natural and human factors, including a shortage of rainfall in...

Major UK dairy processors and supermarkets hit by £50m price fixing fine

Major dairy processors and supermarkets in the UK have been fined almost £50m for retail price-fixing that took place almost ten years ago, according to the Office of Fair Trading...

Unilever: “Strength of brands” combats price hikes as H1 profits rise

Food giant Unilever saw net profits grow 10% to €2.235bn in the first half of 2011, with its brand equity allowing it to weather severe raw materials price hikes in some cases.

Retail price wars contribute to milk pricing gap, DairyCo

Retail price wars in supermarkets contributed to the liquid milk pricing gap between commodity prices and farmgate prices in 2010/11, according to DairyCo.

News in brief

Coles in the clear in milk price wars

The Australian Competition and Consumer Commission (ACCC) has announced that it does not believe that supermarket operator Coles broke any competition rules when it dropped the price of it’s house...

Global dairy prices slide in latest Fonterra auction

International dairy prices have taken another tumble at the latest Fonterra auction, dropping to their lowest level so far this year.

Processors attack fixed price amendment to EU dairy package

An amendment to EU dairy rule proposals requiring that prices be fixed for no less than a year will weaken the EU dairy industry, claims the European Dairy Association (EDA).

M&A and commodity hikes shake up top-20 dairy list

Two big acquisitions shook up the annual list of the biggest global dairy companies from Rabobank, and could encourage others to pursue M&A opportunities.

Dairy prices expected to dip not dive

Global dairy prices could dip in the coming months as Chinese and Russian demand falls but any downward movement is likely to be limited, according to Rabobank.

News in brief

Beneo hikes up prices of Isomalt by 20 per cent

Ingredient supplier, Beneo, has announced a 20 per cent hike in the price of its sweetener Isomalt, citing rising inflation rates and the need to secure a flexible supply chain.

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