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Breaking News on Dairy Processing & Markets

Ice cream prices rise, volumes decline, says Mintel

Ice cream prices have risen by more than a quarter over the past five years and sales volumes have declined, but most Europeans still consider ice cream an affordable treat,...

US COMMODITIES CORNER

August milk prices show significant increases - Part two

In part two of his August US dairy commodities breakdown, MilkPrice  blogger John Geuss gives DairyReporter.com the latest on cheese demand and a look ahead to September and beyond....

US COMMODITIES CORNER

August milk prices show significant increases

As a result of increased and unexpected US demand for cheese and butter in recent weeks, milk prices in the country have jumped by more than a dollar per hundredweight....

Arla increasing UK milk prices in confidence rebuild effort

Arla Foods UK has increased the standard price it pays to dairy farmers for milk and adopted a new, more transparent milk pricing and sourcing model in an effort to “build...

News in brief

Fonterra revises milk price forecast for 2012/13 season

Fonterra has announced a revised payout forecast range for the 2012/13 season, including a lower farm gate milk price (FGMP) of $5.25 per kilogram of milk solids – down from $5.50.

Initiative will boost milk pricing transparency – Robert Wiseman Dairies

Robert Wiseman Dairies has launched an initiative with dairy farmers to increase the transparency of how it determines its farm gate milk prices (FGMP).

News in brief

Arla in milk price crisis talks with Swedish farmers

Danish dairy co-operative Arla Foods has been involved in crisis talks with Swedish farmers following a number of milk price cuts in the country.

‘The worst is behind us’: Milk prices in recovery - European Dairy Association

Recent months have seen images of protesting farmers, tractors blockading dairy plants and retailer boycotts – all as a result of UK processor plans to reduce the price they pay...

US COMMODITIES CORNER

Commodities expert John Geuss on July: All Milk Producer Prices are Up!

The Federal Milk Marketing Order July  announcement of Class and Component Prices showed expected increases. What was unusual was that every parameter was up.  

Saputo blames falling US cheese price for Q1 profits drop

Canadian dairy giant Saputo has reported a profit decrease of more than CAD$6m for Q1 fiscal year (FY) 2013, attributing the result to a fall in the average price of...

Dairy Crest praised for ‘Churchillian’ milk price cut delay

Dairy Crest has been praised for its “Churchillian” decision to defer its planned raw milk price reduction while it continues talks with protesting farmers.

Arla and Dairy Crest call off planned milk price reductions

UK milk processors Arla and Dairy Crest have called off planned reductions in the price they pay to dairy farmers for milk after a week of pressure from protestors.

Campaign will continue despite producer-processor agreement – Farmers for Action

Farmers For Action (FFA) has heralded a draft agreement between the farmers and processors as a “step in the right direction” but has vowed to continue its campaign against retailers...

Arla and Robert Wiseman plants targeted by milk farmer price protests

Hundreds of British milk farmers picketed outside Arla and Robert Wiseman Dairy plants last night, protesting over plans to cut the price paid to suppliers for raw milk.

Dairy industry set for global ‘squeeze’ as supply exceeds demand - Rabobank

The dairy industry will experience a “slow squeeze” in the final quarter of 2012 as global supply continues to exceed demand, Rabobank has claimed.

Danone issues profit warning over Spanish dairy consumption collapse

French dairy giant Danone has issued a profit warning for 2012 – reducing its operating margin target to account for the collapse of dairy product consumption in Spain and other...

Saputo opposes raw milk price increase after ‘negatively impacted’ FY 2012 results

Dairy giant Saputo has called on authorities in California not to increase the price paid by processor for raw milk in the state, after posting results “negatively impacted” by a...

Dean Foods forecasts dairy segment growth as raw milk price stabilises

Dean Foods is projecting double digit operating income growth in 2012 for its fresh dairy segment as raw milk commodity pricing becomes more “stable.”

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”.

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