All news articles for January 2019

The first auction would take place in 2020 if the joint venture goes ahead.

EEX and GDT move toward European dairy auction JV

By Jim Cornall

The European Energy Exchange (EEX) and Global Dairy Trade (GDT) have concluded the initial consultation period regarding the establishment of a joint venture to operate a European-based auction mechanism for European dairy products.

Moo Money points can be earned now through April 28 and dairy alternatives are not eligible.

California residents can now earn rewards for buying milk

By Beth Newhart

The California Milk Processor Board (CMPB) has announced a new loyalty program that will allow California residents to accrue rewards from buying fluid milk products. ‘Moo Money’ will run through April.

The organized dairy market, where Danone and Lactalis play, is dominated by cooperatives in almost every state. Pic: ©Getty Images/polybutmono

Powerful establishment has the cards stacked in its favor through margins and scale

India’s dairy market may not be as attractive as it seems, despite two deals in a month

By Richard Whitehead

Two multinationals have already invested in Indian dairy this year, with January still in play. By such a measure it would appear that the subcontinent market is an attractive place, but foreign majors still have their work cut out for them.

Work on building the new production hall will commence in March 2019.

News in brief

Crediton Dairy announces £12m expansion

By Jim Cornall

The UK’s Crediton Dairy has announced a £12m ($15.8m) investment in 2019 in its flavored and functional milk processing facility.

Are consumers really confused by dairy alternative names? Pic: ©GettyImages/byheaven

Plant-based labels argument continues

By Beth Newhart

In 2018 the FDA committed to looking into the arguments surrounding plant-based dairy alternative product labels using dairy terms. The agency collected public input on the debate until January 25.

Ben & Jerry’s to eliminate plastic from all Scoop Shops

By Beth Newhart

Following the example of many other high-profile companies, Ben & Jerry’s has announced plans to combat the environmental effects of single-use plastic. It will be removed from its Scoop Shop locations worldwide by the end of 2020.

The cooperative said the loan will support the development of a new research center in Rennes, Brittany.

EIB invests €40m in Sodiaal R&D

By Jim Cornall

The European Investment Bank (EIB) is providing a €40m ($45.6m) loan to the French dairy cooperative Sodiaal to support the financing of its Research and Development program.