The rising demand for dairy in China, growing at 6% to 7% rate annually, is teetering on outpacing volume growth of the category (increasing by 3% to 4% every year) as the country shows great interest in dairy products, according to Mintel.
International partnerships between the US dairy industry and key export markets have formed six months after USDEC introduced the “The Next 5%”, a strategic export plan targeting an increase of dairy exports from 15% to 20%.
The European Milk Board (EMB), responding to French President Emmanuel Macron’s announcement that the milk price will be determined by production costs, has released data from a study it commissioned to look at farmer’s costs to produce milk.
Foreign interest in the US dairy market has been at a play for several years, but the momentum of international joint ventures (JVs) has been speeding up, a report published by CoBank’s Knowledge Exchange Division says.
UK firm Kendal Nutricare has signed a US$118m five-year contract deal with import / export company Orient International Holding Shanghai Foreign Trading Co. to distribute its organic infant formula in China.
USDEC and NMPF have urged the US Senate to swiftly approve Gregg Doud as chief agricultural negotiator in the Office of the US Trade Representative (USTR) where he will work with Ambassador Robert E. Lighthizer on advancing US international trade deals....