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Breaking News on Dairy Processing & Markets

New Dairy Crest contract, First Milk drops prices

Dairy Crest (DC) and Dairy Crest Direct (DCD) have announced their new Davidstow Balancing Contract, while First Milk has simply cut prices for some of its UK farmers.

News in brief

USDA dairy predictions down

The US Department of Agriculture (USDA) Outlook for U.S. Agricultural Trade has been published, and it forecasts agricultural exports in FY 2016 at $125bn, $6.5bn below the November projection and...

Bega Cheese revenues up

Bega Cheese has announced a normalized 9.9% increase in profit after tax, a revenue increase to $403.5m (A$561.4m) and an EBITDA of $23.6m (A$32.9m) in its 1H 2016 financial report...

Dairy UK asks for government support for dairy products

Dairy UK is urging the UK Government to 'lend its full weight' to extend intervention to create outlets for dairy products this spring and summer.

Dairy down slightly as Nestlé profits drop

In its 2015 financial report issued today, Nestlé announced sales of $89.5bn (CHF 88.8bn), stating that this equated to 4.2% organic growth and 2.2% real internal growth.

Lion optimistic of growth

Australian company Lion has announced its trading update for the year ended September 30, 2015 in conjunction with Kirin Holdings’ full year announcement.

Big brand, big trust: Land O’ Lakes, Coca-Cola and Kellogg’s have consumers’ trust

Name recognition won the day in the 2016 BrandSpark Most Trusted Awards, as brands such as Kraft, Kellogg’s, and Folgers won big in their representative categories.

Dairy Australia predicts challenging times

Decreasing global dairy prices, dry conditions and high input costs are tightening margins for Australia’s dairy farmers, and reducing national milk production, according to the latest Situation and Outlook report...

News in brief

Savencia sales dip 3.6%

In 2015, French producer Savencia Fromage & Dairy achieved total net sales of $4,971m (€4,442m), down 3.6% over 2014.

Weak Canadian dollar helps Saputo earnings

Canadian dairy company Saputo Inc. reported its financial results for the third quarter of fiscal 2016, which ended on December 31, 2015.

Emmi happy despite decline

Swiss dairy manufacturer Emmi generated net sales of $3.2bn (CHF 3,213.9m) in 2015, a decline of 5.6 % over the previous year.

News in brief

Synlait latest to drop milk price

Synlait Milk is the latest company to revise its forecast milk price for the 2015/2016 season, following similar news from Fonterra, Westland Milk and Open Country.

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.

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