As US President Donald Trump has escalated the trade tariffs spat with China, there are fears US dairy may be negatively impacted by tariff negotiations from all sides.
In the first quarter of 2019, US dairy production and exports were down compared to Q1 2018, particularly in the midwestern states. Globally, dairy is still dominated by a few key players and facing challenges from African Swine Fever.
After announcing that it may drop its flagship dairy brand last August, Kroger sold Turkey Hill to Peak Rock Capital earlier this year. The agreement was completed this week for $215m.
Food giant General Mills is making a commitment to sustainability and clean power by covering the electricity at its US facilities with renewable wind energy. It has signed a 15-year power purchase agreement with Roaring Fork Wind, LLC.
The Dairy Business Association (DBA), an organization of the Wisconsin dairy community, outlined its legislative and budget priorities for 2019-2020 at a Dairy Day this month, taking place at the Capitol in Madison.
The first quarter of the year is coming to a close, and Rabobank has released Q1 2019 numbers from its Dairy Quarterly report. The world’s largest exporters of dairy have stalled in year-over-year milk supply growth, but the US is experiencing a mixed...
Last week President Donald Trump announced plans to close the southern US border, effectively ending trade with Mexico. He has since changed his mind and now given Mexico ‘a one-year warning’ with further threats of tariffs.
Ornua, producer of the Kerrygold brand, released its full-year 2018 results that showcased a strong performance in its key European and US markets. It also broke ground on a cheese facility in Spain and prepared for potential fallout from the Brexit deal....
Peak Rock Capital has signed an agreement to acquire the Turkey Hill Dairy business from The Kroger Co., known for ice cream, refrigerated drinks and other dairy products. It marks Peak Rock’s eighth current investment in the food and beverage industry.
After a disappointing 2018 for Dean Foods, it revealed last month that it was considering a sale. Investment management firm Bernstein has announced that it is “discontinuing coverage of Dean Foods (DF) due to the stock's diminished market cap and...
US Food and Drug Administration (FDA) Commissioner Scott Gottlieb signed a resignation letter Tuesday with intent to leave the role in one month. He has served as Commissioner for nearly two years and been pivotal in the recent plant ‘milk’ vs. dairy...
Grupo Lala announced this week that it reached a deal with Blue Diamond Growers to distribute Blue Diamond Almond Breeze almond beverages in Mexico. It also released fourth-quarter and full-year financial reports from 2018.
A disappointing fourth quarter for Dean Foods rounded out an under-performing 2018, causing the dairy giant to explore alternatives in its ‘business transformation.’ It is considering a joint venture, business combination or even a sale.
Glanbia plc released its 2018 financials this week, revealing growing profits on the back of a few high-profile acquisitions. The nutritional ingredients and dairy business is dipping into the non-dairy sector and reorganizing its board of directors in...
In its 2018 wrap-up report, Arla Foods announced that it would pay out its full net profit for 2018 of €290m ($329m) to farmers. It also discussed the progress of in-house cost-savings program Calcium and pending sustainability efforts.
Danone reported a total 2018 net profit of €2.35bn (US$2.66bn), compared with €2.45bn in 2017. But its fourth-quarter performance was better than expected after a tough global year.
General Mills is focusing on ‘restructuring actions’ in its yogurt business and closing a facility in Carson, Calif. The company also reaffirmed its end-of-year financial targets at an investor conference in New York.
The Dairy Farmers of Washington (DFW) has reported that more than 1,600 cows perished during an unusually heavy snowstorm in the Yakima Valley region of Washington State. The significant loss further burdens an already-struggling industry.
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.
The US government’s partial shutdown has entered its fifth week without a compromise in sight. Dairy farmers, producers and consumers alike are being impacted by the USDA’s and FDA’s limited resources in the interim.
In a letter penned to President Donald Trump, the American Dairy Coalition (ADC) detailed the current dairy crisis hoping to stop the “hemorrhaging of the US dairy industry.”
Machinery from a high volume fluid milk jug plant in southern Florida is up for auction this week, including milk silos, homogenizers and processors. Auctioneers New Mill Capital will oversee the online sale, open to all global customers.
Cargill took a hit in its second quarter with a 20% drop in net earnings compared to the year-ago period. It cited a ‘world of uncertainty’ affected by the struggling US dairy industry and lingering trade wars throughout 2018.
French grain cooperative Axéréal will acquire Cargill’s malt business under the Axéréal malt subsidiary Boortmalt, affecting 15 global facilities and more than 500 people.
Rabobank has published its Dairy Q4 Quarterly report, which states the US saw just 1% growth in milk production in 2018, the lowest year-on-year (YOY) growth since 2013. Milk production was also down in the EU and Australia last year, but rose in New...
The Dutch Royal FrieslandCampina N.V., a global dairy brand, closes out a busy December with the announcement that it has acquired Best Cheese Corporation USA, importer and vendor of specialty cheeses. It’s the second US company it has picked up this...
The US is close to passing a landmark $867bn farm bill after months of negotiation and compromise. It has already passed the Senate and the House and is expected to be signed into law by President Donald Trump within the coming days.
Just two months after Agropur announced it will close its goat cheese-producing plant in Saint-Damase, it has engaged in discussions with Quebec Goat Milk Producers about an undisclosed deal.
After months of back-and-forth and a tumultuous summer of trade disputes between the US, Canada and Mexico, the three North American nations have officially signed the US Mexico Canada Agreement (USMCA), dismantling the previous North American Free Trade...
Dean Foods posted a loss of 28 cents per share, or $26.4m in its third quarter. It also closed and consolidated seven manufacturing facilities within six weeks, racking up ‘significant transitory costs’ that are expected to continue.
Australian-style yogurt brand Noosa is merging into Sovos Brands, a CPG collector with an Italian portfolio and financial backing from Advent International.
Saputo Inc. announced Friday that it will acquire F&A Dairy Products Inc. for $85m, including two manufacturing facilities and approximately 170 employees.
The number of dairy operations in the US has been declining over the past 20 years; the state of Wisconsin alone has lost more than 2,200 dairy farms in the past five years.
The US Dairy Export Council (USDEC) recently visited Asia. CEO Tom Vilsack also made a trip to South Korea as a part of the dairy industry’s effort to expand into the Korean market.
The US Department of Agriculture (USDA) is paying back the agriculture industry that has suffered during the Trump administration’s tariff feuds with trade partners.
Land O’Lakes Inc. has announced that it has acquired Agren Inc., a company that develops soil health and conservation planning software. It will become a part of Land O’Lakes SUSTAIN, a farmer-focused division of the dairy company.
The GDT (Global Dairy Trade) Events Oversight Board has approved two rule changes to encourage a wider range of sellers to offer dairy ingredients on the auction platform to expand the breadth of regional published prices.
L’INTERFORM, a dairy brokerage and trading company, is set to enter the trade of dairy-based financial derivatives, particularly futures contracts, on the European Energy Exchange (EEX) in Leipzig, Germany, by partnering with Kaack Terminhandel, an agricultural...
Cereal production in the EU is likely to dip in the short-term, as heatwaves and drought in various regions have a bearing on EU exports and on existing stocks, the Commission reports.
Russia's ban of food imports from Europe has been in place since 2014 but Donald Trump's election to the White House could mean an end is in sight. We take a look at what the embargo has meant for Russian food manufacturers, foreign firms with...
Irish food and drink exports have exceeded 11 billion despite the fall in exports to the UK, according to figures from the country’s food board, Bord Bia, a total increase of 41% since 2010.
Eurostat, the official statistics bureau of the European Union, has published data report on Europe's farms, fisheries and food supply. How much do you know about where your food comes from?
Amnesty International has uncovered “systemic” cases of child labour and labour rights abuses in Indonesian palm oil plantations operated by Wilmar, tracing the palm oil back to firms including Nestlé, Unilever and Kellogg – companies that all claim to...
Ulster Farmers’ Union (UFU) president, Barclay Bell, says dairy farmers in Northern Ireland are frustrated and angry at what he says is the derisory milk price increase delivered by local processors.
At a time when the conversation around palm oil centres on deforestation, fires and habitat loss – and global demand shows no signs of abating – several companies have come together to create Palm Done Right, a new standard for ethical palm oil production....
