Breaking News on Dairy Processing & Markets

Wal-Mart chief pledges higher prices for sustainable suppliers

The chief executive of the world's biggest retailer yesterday promised to favour suppliers providing high quality and ethically sourced products.

Vivartia faces further price fix strife

Vivartia is bearing the brunt of a further round of fines imposed by Greece's competition regulator on a number of the country's leading dairy processors and retailers for their part...

UK dairy groups admit price fixing role

A number of UK-based retailers and dairy processors have admitted involvement in alleged dairy price fixing for powdered milk, butter and cheese, resulting in combined fines of about £116m (€161m).

Nestle, Vivartia fined in Greek milk price probe

European dairy giants Nestle and Vivartia are among a number of companies facing fines imposed by the Greek competition authority for allegedly fixing dairy prices in the country, press reports...

Russian milk prices up despite production hike

Russian milk production remains well below the country's output targets for 2007, ensuring continued price hikes for the product on the back of increasing global demand, according to the US...

Glanbia predicts another milk price rise

Consumers look likely to bear the brunt of further hikes in milk prices, as Glanbia consumer foods boss Colin Gordon warns that his company can carry raw material costs no...

Nestle weathers commodities storm, sales rise 7%

Nestle yesterday reported organic sales rose by seven per cent in the first nine months of this year, with the company successfully managing to offset rising raw material costs by...

Special edition: Food prices

Dairy groups look to organic in commodities panic

While conventional dairy processors continue to fret over increasing prices for milk powder and other ingredients, a leading US organic group believes that current conditions in the commodities market will...

Weekly comment

Food prices and the death of the productionist model

Last week saw a string of communications about food price rises: first warnings were aired about wheat, then meat, then dairy. It's a vertiginous view from the heights of the...

High prices remain after milk production hike

An expected increase in global dairy production is unlikely to alleviate current industry concerns over high milk prices, according to findings by the US Department of Agriculture (USDA).

High dairy prices affect Hershey's earnings

High dairy prices meant Hershey's operating margins fell to 3.1 per cent for the quarter ended 1 July, compared to 17.3 per cent for the same period in 2006.

EU export subsidies revoked as dairy prices rocket

The EU's dairy management committee last week revoked subsidies on all exported dairy products for the first time in 40 years, as increased demand amongst processors and consumers continues to...

Milk prices debate keeps dairy in the spotlight

Public debates over farmgate milk prices will take place across Britain over the next couple of weeks, as producers and campaign groups look to maintain pressure on retailers and processors.

Arla joins rush to raise milk price

As Tesco again displayed its power in the UK food chain with another profits rise, dairy group Arla Foods joined a growing list of processors to raise farmgate milk prices.

Energy, commodity price pressures to ease says S&P

A lesser increase in prices of energy and commodities compared with 2006 will ease the pressure on processors, according to a new report by Standard and Poor's.

Tesco raises the bar on milk prices

Milk producers in the UK have given a cautious welcome to milk price rises announced by Tesco this week, in the latest development on dairy farmer incomes.

Sainsbury's 'open' to milk price rise

A little piece of Fairtrade Fortnight touched the UK dairy industry this week as the head of the Sainsbury's supermarket told farmers he was willing to pay more for their...

MPs call for action over low milk prices

A group of MPs in the UK have called on the government to step in over low farmgate milk prices, which they claim are taking ruthless advantage of dairy farmers.

Retailers 'receptive' to milk price increases

Supermarkets in the UK have softened their stance on farmgate milk prices in recent weeks, as public scrutiny of the dairy supply chain has grown.

Strong commodities market aids Fonterra

Fonterra, New Zealand's largest dairy co-operative, predicted world commodity prices would continue rebounding strongly over the next few months as supply and demand tightened.

Arla sues Wiseman in UK price fixing dispute

Rows over dairy price fixing allegations in Scotland took another twist this week, after Arla Foods UK revealed it would sue rival Robert Wiseman to recoup lost revenue.

Australian drought could impact dairy prices

Buyers of Australian dairy products are facing uncertainty over future supplies and pricing as the country's farmers weigh up the impact of a prolonged drought on their output.

Price fixing allegations hit Wiseman shares

Shares in dairy firm Robert Wiseman have struggled to recover in recent days after Britain's competition watchdog accused the group of fixing milk prices in Scotland.

Milk Link ups prices to supply Britain's organic milk boom

UK dairy processor Milk Link will pay farmers more money for their organic milk from this October as the industry attempts to keep pace with soaring demand.

EU plots path out of commodities

The current supply glut on the EU butter market will be solved by more producers leaving the sector, says a Commission report, again predicting a move away from commodities across...