Breaking News on Dairy Processing & Markets

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”.

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...

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