Indian-based global analytics company CRISIL says revenue growth of the Indian dairy industry will be flat this fiscal because of weak sales of value-added products (VAP), a problem aggravated by the coronavirus pandemic lockdown.
As countries emerge from lockdown restrictions, Scotland’s dairy farmers are looking to build stronger supply chains and discuss milk contracts as they recover from the impacts of the coronavirus crisis, says NFU (National Farmers’ Union) Scotland.
The chairperson of the Irish Creamery Milk Suppliers Association’s (ICMSA) dairy committee says his association expects the prices to be announced by milk processors in the coming days for milk supplied in May to reflect a “surging recovery.”
Dustin Boughton, procurement director at Maxum Foods in Australia and New Zealand, says dairy markets turned the corner in May with improving demand as COVID-19 lockdowns started to ease in most regions while milk output slowed in the US and EU.
The International Dairy Foods Association (IDFA), the National Milk Producers Federation (NMPF) and the U.S. Dairy Export Council (USDEC) have jointly urged Agriculture Secretary Sonny Perdue to use all tools at his disposal to “ensure high-quality, nutritious...