Commodities

Fonterra, NZX and EEX will each holding a third of the shares in the GDT.

Fonterra, NZX and EEX to partner on GDT

By Jim Cornall

Fonterra has agreed a strategic partnership with New Zealand’s Exchange (NZX) and the European Energy Exchange (EEX) to each take ownership stakes in Global Dairy Trade (GDT) alongside the dairy coop.

GDT Events was established in 2008.

GDT celebrates 300th event

By Jim Cornall

Global Dairy Trade (GDT), the price discovery platform for globally traded dairy products, is celebrating its 300th Trading Event at TE300 on Tuesday, January 18 at 12:00 UTC.

Pic: Getty Images/shironosov

Dairy-Tech postponed until April

By Jim Cornall

Another event has been rescheduled because of increased numbers of coronavirus cases, this time in the UK.

Pic: Getty Images/brians101

Maxum Foods issues global dairy commodity update for December

By Jim Cornall

In its December overview of the global dairy commodities market, Maxum Foods said the outlook for market fundamentals has further tightened on the supply side in the past month, with peak production in NZ remaining weaker than expected and continued downward...

Dairy Dialog 132: Ice Cream Van of the Year, Fooditive, Kerry

Dairy Dialog podcast 132: Ice Cream Van of the Year, Fooditive, Kerry

By Jim Cornall

There are three conversations on this week’s podcast: Richard Troman, senior development and application chef, Kerry Europe and Russia; Jimmy Robinson, owner of Robinson’s Ice Cream; and Moayad Abushokhedim, food scientist and founder of Fooditive.

Dairy Dialog podcast 131: DSM, Milk Moovement, Sealed Air

Dairy Dialog podcast 131: DSM, Milk Moovement, Sealed Air

By Jim Cornall

This week, we have conversations with Jon King, COO of Milk Moovement; Evandro Oliveira de Souza, business lead cheese at DSM Food Specialties; and Matt Baldock, business development manager for food packaging at Sealed Air. We also have our weekly look...

WMP and SMP accounted for 79% of the quantity traded.

GDT publishes annual report

By Jim Cornall

Global Dairy Trade has published its 2020 Annual Report, providing key trading statistics for the year.

DFA to purchase a portion of Dean Foods’ assets for $433m

By Beth Newhart

After several months of back and forth following the Dean Foods bankruptcy, the Dairy Farmers of America (DFA) co-op is acquiring a majority of its assets for $433m. Prairie Farms Dairy will also get a portion for $75m.

“In times like this, the resilience of the human spirit is more visible than ever. It’s incredibly uplifting to see so many businesses and individuals stepping up.

Dairy donates time, money and food to the coronavirus pandemic

By Beth Newhart

The coronavirus is upending businesses and economies around the world, and the dairy sector isn't immune. While some aspects of the industry need stability and assistance, others are able to share their wealth and give back.

DFA is re-evaluating its options to submit another bid by the deadline.

DFA is no longer confirmed to purchase Dean Foods

By Beth Newhart

Though it was announced last month that Dean Foods and the Dairy Farmers of America (DFA) entered into an asset purchase agreement, that has been mutually terminated. The co-op is still in the running but is no longer the ‘stalking horse’ bidder.

“Do you provide paid sick leave for your employees? If not, will employees feel financially obligated to come to work even when sick?”

NMPF beefs up coronavirus resource website for dairy

By Beth Newhart

The National Milk Producers Federation (NMPF) in the US has set up a designated website for those in the dairy industry to utilize during the health crisis. It’s updating regularly with general information, work permit templates and multimedia resources.

US lays out new COVID-19 guidelines for food industry

By Beth Newhart

The Trump Administration released a set of coronavirus guidelines for all Americans, with special provisions for critical infrastructure industries like food and beverage. Brands have been adapting this week to the new reality, while keeping employee...

Rabobank is lowering its 2020 US demand growth projections from 0.8% to 0.5%, as consumers quarantine during the COVID-19 pandemic. Pic: Getty/Chinnapong

The ripple effects of COVID-19: A look into global dairy

By Beth Newhart

Rabobank assesses how the ‘corona hangover’ will impact global dairy markets in its latest report. Demand in China is already starting to bounce back after its virus exposure seems to have peaked, while the US will suffer in the coming months as cases...

US dairy groups pressure Senate to act on labor reform

By Beth Newhart

After the House of Representatives passed the Farm Workforce Modernization Act (FWMA) late last year, dairy organizations are reminding the Senate why they feel it’s crucial to the future of agriculture labor. Young farmers are also speaking out for essential...

Hälsa called oats one of the most environmentally friendly ingredients for making plant-based milk, but the US does not currently produce oats that meet Hälsa's quality standards. Pic: Hälsa

Hälsa Foods to convert dairy farms for organic oats

By Beth Newhart

A new program from oat-based yogurt alternative brand Hälsa Foods will partner with dairy farms, and support them converting to farmlands for growing organic oats. It will be led by a team of Scandinavian farmers, researchers and environmental experts.

“We aren’t going to stop change, and we aren’t going to stop technology.

IDFA zeroes in on next-gen, and ‘making what we can sell’

By Beth Newhart

At the International Dairy Foods Association’s (IDFA) Dairy Forum this week, president and CEO Michael Dykes spoke of the challenges facing US dairy, including product innovation, milk bankruptcies and setting the industry up for a sustainable future.

Positive dairy reaction as USMCA passes Senate

By Beth Newhart

After months of uncertainty, the US Mexico Canada Agreement (USMCA) has officially passed the US House and Senate. President Donald Trump said he will sign it into law next week.

“With an election year, sometimes legislative activity grinds to a halt.

NMPF outlines the legislative dairy landscape in 2020

By Beth Newhart

The National Milk Producers Federation (NMPF) projects that the USMCA bill will pass the Senate soon, followed by a greater focus on agriculture labor, transportation and infrastructure and childhood nutrition this year.

Wisconsin lost nearly 1,500 dairies in two years, despite the industry's significant contribution to the state's economy. Pic: Getty/Dcwcreations

More than 800 Wisconsin dairies closed in 2019

By Beth Newhart

Data from the Wisconsin Department of Agriculture revealed that a record 10% of dairy farms in Wisconsin shuttered last year. It topped 2018’s loss of 7.25%.

With the 2020 US election looming, the US dollar is expected to be volatile and affect global dairy. Pic: Getty/sergeyryzhov

Higher dairy prices are on the horizon

By Beth Newhart

As the year's fourth quarter wraps up, Rabobank's RaboResearch looks back on global dairy's performance in 2019, and ahead to 2020. Milk production and prices are up, leading to challenges for producers.

The deal is being reviewed by legal channels, and has not yet been signed by officials in either country. Pic: Getty/Christoph Burgstedt

US reaches new trade deal with China

By Beth Newhart

The US government announced a ‘Phase One’ trade deal on Friday that stipulates China will make substantial purchases of US goods and services in the coming years, including from agriculture.

Nestlé USA is the second largest ice cream manufacturer in the US, and Froneri will now be the second largest ice cream manufacturer in the world.

Froneri scoops Nestlé’s US ice cream division for $4bn

By Beth Newhart

Froneri started as an ice cream-focused joint venture between Nestlé and PAI Partners in 2016, and the relationship will be furthered by the acquisition of Nestlé USA’s collection of ice cream brands.

Follow us

Products

View more

Webinars