US milk powder producers said they plan to expand production capacity, which could translate into 440m pounds per year of additional milk powder, tacking on to the already mounting global dairy supply glut, according to a report by CoBank.
Low milk prices and a cold, wet spring across Europe have combined to push butter futures prices upwards, according to Greenfields Ingredients, the UK division of Greenfields Ireland.
Following the establishment of an interim national program to encourage the use of Canadian milk in cheese manufacturing, Agropur Cooperative has announced that it is immediately discontinuing the use of imported diafiltered milk, becoming the first major...
Australia’s largest dairy cooperative Murray Goulburn (MG) has reviewed the expected performance of the business for the balance of FY16 and is dropping its farmgate milk price (FMP) by slightly more than 10%.
In response to current low milk prices, a conference has been arranged for next month to address international responses to low milk market prices and market volatility.
UK retailer Tesco has announced it has created the Tesco Cheese Group (TCG), which will guarantee dairy farmers an above market price for the milk they produce for Tesco’s British own-label Mild, Medium, Mature, Extra Mature, Red Leicester and Double...
Scottish processors struggle to create strong cheese and butter brands that can compete with large multinational processors, according to a recent report.
The European Commission (EC) has announced a package of exceptional measures to support EU farmers, including a limited time when Member States can determine their own supply and production limits.
Ekosem-Agrar GmbH, the German holding company of Russian milk producer Ekoniva Group, says it has reached the targets set for 2015 according to preliminary figures.
Crop inputs and dairy goods supplier Land O’Lakes has reported record earnings in 2015 – although total sales were down almost $2bn on the previous year.
While the GDT (Global Dairy Trade) price index was up this week, UK milk prices were cut again. In response to the calls for action, a UK government committee report has acknowledged the threat to farmers.
Dairy Crest (DC) and Dairy Crest Direct (DCD) have announced their new Davidstow Balancing Contract, while First Milk has simply cut prices for some of its UK farmers.
Bega Cheese has announced a normalized 9.9% increase in profit after tax, a revenue increase to $403.5m (A$561.4m) and an EBITDA of $23.6m (A$32.9m) in its 1H 2016 financial report for the half year ending December 27, 2015.
In its 2015 financial report issued today, Nestlé announced sales of $89.5bn (CHF 88.8bn), stating that this equated to 4.2% organic growth and 2.2% real internal growth.
Australian company Lion has announced its trading update for the year ended September 30, 2015 in conjunction with Kirin Holdings’ full year announcement.
Name recognition won the day in the 2016 BrandSpark Most Trusted Awards, as brands such as Kraft, Kellogg’s, and Folgers won big in their representative categories.
Decreasing global dairy prices, dry conditions and high input costs are tightening margins for Australia’s dairy farmers, and reducing national milk production, according to the latest Situation and Outlook report from Dairy Australia.
Globalization, information and innovation will be essential components for dairy cooperatives over the next decade, industry executives said at the 2016 IDFA Dairy Forum.
The Board of Glanbia Co-operative Society Limited in Ireland has announced the creation of a 2016 member support packageworth at least $38.8m (€35.6m).
Fonterra Co-operative Group Limited has reduced its forecast Farmgate Milk Price for the 2015/16 season from $2.97 (NZ$4.60) per kgMS to $2.68 (NZ$4.15) per kgMS.
Westland Milk Products, New Zealand’s second biggest dairy co-operative, has announced a drop in its pay-out predictions for 2015-16, saying a forecast 15 to 25% reduction across all commodity products for the remainder of the season is the driving force...
Dairy companies that want to capitalize on a growing global market will need to tap into emerging markets across the world, according to a presentation from McKinsey & Company at the 2016 IDFA Dairy Forum.
Dairy permeates are becoming more well-known, according to a US Dairy Export Council official, but changes will need to be made for it to reach its full potential.
Dr David Dobbin, chairman of Dairy UK, speaking at the Semex conference in Glasgow, said the UK dairy industry needs to take control of its own destiny to meet domestic and international challenges successfully.
Congress must act fast to address a decision from the World Trade Organization that would allow Canada and Mexico more than $1bn in retaliatory tariffs, according to two dairy industry representative organizations.
The dairy market is more than adequately supplied into 2016, as there is likely 400,000 metric tons of excess dairy across the world, mostly in the form of powder, according to the US Dairy Export Council.
The US Dairy Export Council expects another challenging year for the dairy market in 2016 as Russia and China continue to reduce their reliance on imports.
Buying cheese can be confusing: but focusing on the story and experience behind the product can help alleviate confusion for consumers, according to an industry organization.
As higher quantities and qualities of milk fat become trendier, the demand will likely become greater. How can the industry meet this demand? It will likely take vast improvements on the agricultural level.
Over 30 trade-association led campaigns promoting everything from olive oil to fresh meat have been named the recipients of the latest round of EU funding for agri-food products.
