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REPORTS FROM THE 2016 IDFA DAIRY FORUM

Globalization and adaptation: The future of dairy cooperatives

Globalization, information and innovation will be essential components for dairy cooperatives over the next decade, industry executives said at the 2016 IDFA Dairy Forum.

Glanbia announces member support package

The Board of Glanbia Co-operative Society Limited in Ireland has announced the creation of a 2016 member support packageworth at least $38.8m (€35.6m). 

Fonterra cuts forecast milk price

Fonterra Co-operative Group Limited has reduced its forecast Farmgate Milk Price for the 2015/16 season from $2.97 (NZ$4.60) per kgMS to $2.68 (NZ$4.15) per kgMS.

Westland lowers pay-out predictions

Westland Milk Products, New Zealand’s second biggest dairy co-operative, has announced a drop in its pay-out predictions for 2015-16, saying a forecast 15 to 25% reduction across all commodity products...

REPORTS FROM IDFA FORUM 2016

Emerging markets essential to global growth in dairy

Dairy companies that want to capitalize on a growing global market will need to tap into emerging markets across the world, according to a presentation from McKinsey & Company at the...

REPORTS FROM 2016 IDFA DAIRY FORUM

“Time for a change”: IDFA president and CEO Connie Tipton announces she will step down

Connie Tipton, the International Dairy Foods Association president and CEO, announced that she will step down at the end of 2016.

EMB says milk production costs ‘a crisis’

The European Milk Board (EMB) is urging the EU to adopt its Market Responsibility Programme (MRP) to address a price crisis.

Dairy permeate market starting to take off

Dairy permeates are becoming more well-known, according to a US Dairy Export Council official, but changes will need to be made for it to reach its full potential.

News in brief

Danish EU cash headed to dairy farmers

Denmark’s Environment and Food Minister, Eva Kjer Hansen, has decided that the majority of the $12m (83m kroner) that the country receives from the EU emergency agriculture fund should be...

UK dairy industry needs to be proactive

Dr David Dobbin, chairman of Dairy UK, speaking at the Semex conference in Glasgow, said the UK dairy industry needs to take control of its own destiny to meet domestic...

Whey dairy poised for huge growth in coming years

Recent reports showcase the extremely bright future of whey as a dairy ingredient, specifically as a means of consumers staying healthy and active.

Innovation Center for US Dairy looks to industry for sustainability guide review

The Innovation Center for US Dairy is seeking comment from the dairy industry on its Stewardship and Sustainability Guide for US Dairy.

US cheese production up for 18th straight year; exports on the rise

The US produced 5.3m MT of cheese in 2015, according to USDEC executives, up 2.2% from 2014.

Dairy industry could see ‘sizable’ retaliation from WTO decision

Congress must act fast to address a decision from the World Trade Organization that would allow Canada and Mexico more than $1bn in retaliatory tariffs, according to two dairy industry...

Dairy market growth to slow over next decade: EC report

A European Commission report says the world market for dairy commodities and milk imports will grow 2.4% annually up to 2025.

Boosting cheese sales: Food pairings and placements in store can tempt consumers towards specialty products

Specialty cheese sales are growing in the US, but is the market’s potential being capped by a lack of retail connectivity?

Excess of dairy may be at 400,000 tons across the world: USDEC

The dairy market is more than adequately supplied into 2016, as there is likely 400,000 metric tons of excess dairy across the world, mostly in the form of powder, according...

Dairy market set for rough 2016, says USDEC

The US Dairy Export Council expects another challenging year for the dairy market in 2016 as Russia and China continue to reduce their reliance on imports.

'Cheese is intimidating': Sell the story and experience of the product to make consumers comfortable

Buying cheese can be confusing: but focusing on the story and experience behind the product can help alleviate confusion for consumers, according to an industry organization. 

Milk fat improvement starts at the agricultural level

As higher quantities and qualities of milk fat become trendier, the demand will likely become greater. How can the industry meet this demand? It will likely take vast improvements on...

Loud and proud: EU handouts to help European agri-food products stand out

Over 30 trade-association led campaigns promoting everything from olive oil to fresh meat have been named the recipients of the latest round of EU funding for agri-food products.

Average GDT dairy commodity price down for third auction running

Dairy commodity prices fell 7.9% at the latest Global Dairy Trade (GDT) auction - the third decrease in average prices on the platform in a row.

Fonterra increases 2015/16 farmer payout forecast after performance boost

Fonterra has increased its payout forecast for the 2015/16 season on the back of a strong August to October performance.

Global Dairy Trade average price falls for first time since early August

The Global Dairy Trade (GDT) Price Index declined by 3.1% today - the first fall in the average price on the platform since the beginning of August.

Standard & Poor's reduces Fonterra credit rating over debt concerns

Standard & Poor's (S&P) has reduced Fonterra's credit rating - reflecting its concerns about the New Zealand dairy's debt levels.

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