Pricing Pressures

Fonterra's innovation efforts look to nutrition and wellness / Pic: GettyImages-fizkes

Fonterra focuses on innovation in ‘cognition, sight and stress’

By Katy Askew

Dairy cooperative Fonterra outlined its strategic innovation priorities – with a focus on nutritional benefits such as ‘cognition, sight and stress’ – as it noted higher milk prices were squeezing the margins of dairy processing business.

Kite Consulting said from 2021 to early 2023 total costs of production will have risen by 29%.

UK dairy production costs could soar to more than 40ppl

By Jim Cornall

Recent analysis by Kite Consulting in the UK shows dairy farm costs of production will continue to rise considerably in the coming months, with break-even milk prices likely to exceed 40 pence per liter (52 cents) later this year.

Ongoing shortages of some raw materials and supply chain disruption are impacting availability and costs.  Pic: Getty Images/o-che

Flexible packaging costs continue to rise

By Jim Cornall

The prices of materials often used for flexible packaging continued to accelerate in the final quarter of 2021, due mainly to the spike in energy costs, which began to increase dramatically after August, according to Flexible Packaging Europe (FPE), the...

Fonterra said the increase is the result of consistent demand for dairy at a time of constrained global milk supply.  Pic: Fonterra

Fonterra hikes forecast Farmgate Milk Price range

By Jim Cornall

Fonterra Co-operative Group has boosted its 2021/22 forecast Farmgate Milk Price range to NZ$8.90 - $9.50 per kgMS (US$5.94-US$6.34), up from NZ$8.40 - $9.00 per kgMS (US$5.61-US$6.01).

the Federal Milk Marketing Order in line with these changes.

King backs legislation on dairy pricing for farmers

By Jim Cornall

U.S. Senator Angus King (I-Maine) is cosponsoring bipartisan legislation that would direct the U.S. Department of Agriculture (USDA) to begin holding Federal Milk Marketing Order (FMMO) hearings by this summer, to give milk producers a greater voice in...

Signup for the DMC runs until February 18.  Pic: Getty Images/stu99

USDA opens 2022 signup for Dairy Margin Coverage

By Jim Cornall

The U.S. Department of Agriculture (USDA) has opened signup for the Dairy Margin Coverage (DMC) program and expanded the program to allow dairy producers to better protect their operations by enrolling supplemental production.

Pic: Getty Images/brians101

Maxum Foods issues global dairy commodity update for December

By Jim Cornall

In its December overview of the global dairy commodities market, Maxum Foods said the outlook for market fundamentals has further tightened on the supply side in the past month, with peak production in NZ remaining weaker than expected and continued downward...

Pic: Getty Images/Andrei Stanescu

Bipartisan Dairy Pricing Opportunity Act of 2021 introduced

By Jim Cornall

Senators Kirsten Gillibrand (D-NY), Susan Collins (R-ME) and Patrick Leahy (D-VT) have introduced the bipartisan Dairy Pricing Opportunity Act of 2021 in the United States Senate. The bipartisan legislation launches national hearings on Federal Milk Marketing...

The cost of milk to make dairy products in Canada is set to rise by an average of 8.4%.  Pic: Getty Images/Rowena Kong

Canadian retail and foodservice set to see dairy price hike

By Jim Cornall

The cost of milk to make dairy products in Canada is set to rise by an average of 8.4% following a Canadian Dairy Commission (CDC) review of Canadian farm gate milk prices and other costs used in administering the supply management system.

Pic: Getty Images/stu99

Stonyfield steps in for Northeast milk producers

By Jim Cornall

Organic yogurt maker Stonyfield Organic has announced plans to help save at-risk Northeast organic family farms by inviting some farms into their direct supply program during the coming months.

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