Pricing Pressures

Phil Hogan will be one of the speakers at the INTL FCStone Financial's EU Dairy Outlook and Educational Forum in Dublin, Ireland, September 6 and 7, 2018.

Hogan to be keynote speaker at EU Dairy Outlook Forum

By Jim Cornall

INTL FCStone Inc. has announced Phil Hogan, European Commissioner for Agriculture and Rural Development, will be the keynote speaker at INTL FCStone Financial's EU Dairy Outlook and Educational Forum at the Aviva Stadium in Dublin, Ireland on September...

The company is projecting a contraction compared with the previous year of about -1% for net revenue and within a range of -3% to 0% for EBITDA.

Parmalat H1 revenue down but profit grows

By Jim Cornall

Italian dairy company Parmalat S.p.A. has issued its first-half financials, which show a net revenue of €3.03bn ($3.5bn), €240.4m ($278m) less than the first half of 2017.

Arla Foods UK is warning specialty cheese could be ‘very scarce’ and other dairy products an ‘occasional luxury’ if a London School of Economics report on Brexit scenarios comes to fruition. Pic: Getty Images/Azure-Dragon

Arla foresees post-Brexit dairy problems for UK consumers

By Jim Cornall

European dairy cooperative Arla Foods says Brexit could leave UK consumers with less choice and higher prices, turning everyday staples, like butter, yogurts, cheese and infant formula, into occasional luxuries, and making speciality cheeses ‘very scarce.’

Feedback submissions on the proposed changes must be received by June 20, 2018. Pic: ©Getty Images/Freer law

GDT public consultation on rule change proposals

By Jim Cornall

Global Dairy Trade (GDT) is looking for feedback on two proposed changes to the GDT Trading Event Rules, which it says are designed to bring price transparency to more supply regions through increased participation from sellers.

GDT will discuss options at the GDT Events Oversight Board meeting in Shanghai on May 16.Pic: ©iStock/Freer law

GDT halts US lactose sales due to limited demand

By Jim Cornall

Global Dairy Trade (GDT) Events has temporarily stopped the US pool offering lactose to look at ways to improve effectiveness after achieving published prices only three times at auctions since the pool was established less than six months ago.

The inquiry also analyzed the impact on the dairy industry of A$1 per liter milk, first introduced by major retailers in 2011. Pic: ©Getty Images/JohnCarnemolla

ACCC calls for regulations to help dairy farmers

By Jim Cornall

The Australian Competition and Consumer Commission (ACCC) has released the final report arising from its dairy inquiry, which includes the key recommendation that a mandatory code of conduct be implemented to improve contracting practices between dairy...