Pricing Pressures

Murray Goulburn struggling to find suitor for buyout

Australia

Murray Goulburn struggling to find suitor for buyout

By RJ Whitehead

Troubled Australian dairy co-operative Murray Goulburn has called for an end to media speculation over a potential buyout—even calling into question the likelihood of a takeover itself. 

GDT is looking into working with EEX on a European dairy auction plan.

Updated

EEX and GDT to look into auction for dairy products in Europe

By Jim Cornall

The European Energy Exchange (EEX) and Global Dairy Trade (GDT) have signed a letter of intent to evaluate the possibility of working together to set up and operate an auction mechanism for dairy products originating in Europe.

Fonterra is hiking its milk price by 25 cents per kgMS.

Fonterra hikes farmgate milk price by 25 cents

By Jim Cornall

New Zealand’s Fonterra Co-operative Group Limited has announced an increased forecast Farmgate Milk Price for the upcoming 2018 season, to NZ$6.75 (US$5.09) per kilogram of milksolids (kgMS).

India is expected to maintain its position as the world's largest butter producer through the forecasted period. ©iStock/Grigorenko

India to become world’s largest producer of milk by 2026

By Mary Ellen Shoup

Milk production is expected to accelerate worldwide especially in India where it will grow 49% by 2026, contrasting with the steady decline of milk consumption in developed markets like the US, according to the OECD-FAO Agricultural Outlook 2017-2026.