Markets

The deadline for feedback on the proposed GDT changes is June 5, 2019. Pic: ©Getty Images/Roel Smart

GDT looks for feedback on rule changes

By Jim Cornall

Global Dairy Trade (GDT) is looking for its users to provide feedback on proposed changes to the GDT Events Oversight Board Charter and Rulings Panel, and the GDT Trading Event Rules.

Without an agreement, America is in danger of being left behind in its fourth biggest market. Pic: ©Getty Images/Nelson_A_Ishikawa

Why the US needs to sign a trade deal with Japan

By Richard Whitehead

While America continues to wage its trade war against China with ever-inflating tariffs, it would be well advised to look at at trade agreements with another vitally important East Asian market.

Overall, global milk supply growth will likely remain flat through 2020. Pic: Getty/Tim Allen

US milk production drops in the midwest

By Beth Newhart

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.

Kroger intends to use the after-tax cash proceeds to reduce its debt. Pic: Getty/martinrlee

Kroger completes Turkey Hill sale

By Beth Newhart

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.

The wind industry is expected to deliver more than $85bn in economic activity by 2020.

General Mills signs 15-year deal for wind energy

By Beth Newhart

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.

Plogging combines the benefits of exercise while making the planet healthier. It can be done while walking, jogging, running or hiking. Pic: Silk

Silk makes a bid for ‘plogging’ as an official sport

By Beth Newhart

Silk is leading an effort during Earth Month to make plogging an official sport at the 2028 Summer Olympics in Los Angeles. A combination of jogging and picking up litter, plogging would fit into LA 2028’s goal to be the most sustainable Olympics in modern...

More US dairy exporters are setting up offices in the Asean region. Pic: ©Getty Images/PytyCzech

Southeast Asia now second biggest market for American exporters

China crisis will have positive impact on US Dairy exports to favorite Asian region

By Richard Whitehead

Dairy exports from the US to Southeast Asia have been growing “exponentially”, and will only continue to increase as exporters eye new segments and use the region as a stepping-stone to China while a trade war between the countries rages on.

The UK imports more mozzarella than it exports. Pic: ©Getty Images/kiboka

No-deal Brexit could shred UK mozzarella business

By Jim Cornall

According to AHDB Dairy, under a no-deal scenario, the UK would face the EU common external tariff on any exports sent to the EU, meaning tariffs of €185.20/100kg ($208.50) on mozzarella.

Grant finalists will attend a four-day program in Boulder, Colorado for training on sustainable food systems.

Danone opens applications for new grant program

By Beth Newhart

Danone Institute North America (DINA) will invest in sustainable food system projects through a grant program in the US and Canada. The ‘One Planet. One Health Initiative’ is now accepting proposals.