The European Commission (EC) will provide Private Storage Aid (PSA) for butter, skimmed milk powder (SMP), and certain cheeses to "alleviate" the impact of the Russian embargo on European Union (EU) food imports.
A Russian money laundering investigation that yesterday culminated in a search of Valio's St Petersburg office has "no relation" to the activities of the Finnish dairy, says the agency behind the raid.
Now the world's largest exporter of nonfat dry milk (NDM) and skim milk powder (SMP), it is fair to say the US has discovered "the power of exports," says DairyReporter.com's US commodities expert John Geuss.
Canadian dairy giant Saputo looks a step closer to gaining control of Warrnambool Cheese and Butter (WCB), after one-time takeover rival Bega Cheese agreed to sell its stake in the Australian dairy processor.
Dairy cooperative First Milk faced bitter sweet developments this week, with news of green investment in its Haverfordwest creamery in Pembrokeshire soured by confirmation it would close its Wrexham cheese packing plant.
Murray Goulburn has asked the Australian Takeovers Panel to force Saputo to drop its recent “improved and simplified” offer for in-demand Warrnambool Cheese and Butter (WCB), and reinstate previously proposed special dividends.