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...