US dairy giant Dean Foods has withdrawn its full-year earnings guidance after fluid milk price volatility in the second quarter left its results looking "rocky."
Fonterra has reduced its farmgate milk price (FGMP) forecast for the 2014/15 to NZ$6.00 (US$5.11, €3.80) per kg of milk solids (kgMs), citing "continuing volatility."
US skim milk powder (SMP) prices are now determined by global movements, not domestic events - a change our commodities expert John Geuss describes as "a new and different dynamic."
There is a growing trend towards dairy alternatives in the UK, with volume sales of cow-milk alternatives such as soya, rice and buffalo milk up 155% between 2011 and 2013, according to a Mintel report.
Danone has announced plans to close factories in Italy, Germany and Hungary, in its latest effort to offset the impact of "flagging" European fresh dairy product sales.
Record high US milk producer prices continued into March on the back of booming international demand for American skim milk power (SMP), non-fat dry milk (NDM), whole milk powder (WMP) and butterfat, reports DairyReporter.com's US commodities expert...
Ingredients giant Chr. Hansen has an unchanged outlook for full year, after a strong second quarter eased the woes created by the firm losing its biggest colours customer in Q4 last year.
2014 SPECIAL EDITION: DRIVING UP QUALITY, DRIVING DOWN COST
High Pressure Processing (HPP) is a promising technology to extend the shelf life of soft cheese Quesco Fresco and possibly prevent harmful recalls without altering its taste.
US dairy producer are receiving record high prices for their milk. But why? DairyReporter.com's US dairy commodities expert John Geuss examines the chain of events behind the increase.
Tesco’s decision to cut the price of its four pint bottles of milk to just £1 could result in a retail “price war” in the UK, protest group Farmers for Action (FFA) has warned.
Arla Foods Ingredients (AFI) has developed a milk protein that allows cheese makers to speed-up maturation time - offering a potentially significant reduction in storage costs.
The prices paid to US milk producers in January 2014 were at a near record high, and are expected increase further in February. DairyReporter.com's US dairy commodities expert and MilkPrice blogger, John Geuss explains why...
The New Zealand Stock Exchange (NZX) has taken "another vital step" towards becoming a global player in the dairy industry by securing status as an authorised dairy trader in the US.
Competitive pressure within the dairy industry as a result of "industry consolidation and raw rising material costs" has become a key driver of technological developments at Tetra Pak, the company's vice president of technologies and service...
Dairy cooperative First Milk faced bitter sweet developments this week, with news of green investment in its Haverfordwest creamery in Pembrokeshire soured by confirmation it would close its Wrexham cheese packing plant.
The National Milk Producers Federation (NMPF) has played down concerns that US milk prices will rocket as a result of the looming ‘dairy cliff’, branding it the “least likely outcome.”
Arla Foods hopes to “maximise the value” of British milk through the sale of skim milk powder from one of its UK processing sites on the GlobalDairyTrade international dairy commodity auction platform.
Irish biotech start-up AnaBio Technologies is in advanced negotiations with major infant formula makers interested in its encapsulation technologies that can blend probiotics and minerals into heat treated products at cost-effective prices.
US cheese inventories are finally showing signs of a return to "historical levels." According to MilkPrice blogger, John Geuss, this can almost certainly be attributed to an increase in exports, but the unavailability of export data as a result...
Dean Foods, Nestlé USA, Dannon, Saputo and Kraft Foods are among scores of US dairy processors calling on the Senate to accept a version of the 2013 Farm Bill that omits a program designed to periodically limit milk supplies.
Cargill says it is diversifying its carrageenans portfolio in both location and species to combat the associated supply risks of the texturing ingredient derived from seaweed.
EXCLUSIVE INTERVIEW WITH IRISH AGRICULTURE MINISTER
Enda Kenny, Ireland’s Prime Minister, and Simon Coveney, the Irish Minister for Agriculture said the country will take advantage of changes to Europe’s CAP (Common Agricultural Policy) which will allow increased dairy production.
Slowing dairy sales growth in Brazil and India during Q2 2013 means that reforms and infrastructure upgrades are likely necessary to reignite such emerging markets, according to Rabobank.
Forecast butter and milk powder shortages could limit the EU’s ability to keep up with domestic and global demand, according to chocolate and confectionery trade group CAOBISCO.
EXCLUSIVE INTERVIEW WITH DAIRYGOLD INGREDIENTS HEAD TIM HEALY
Dairygold is investing €130m ($176m) in Irish processing facilities to massively increase operations when EU restrictions on milk production are lifted in April 2015.
High health care costs, a lack of interest in repetitive manual labour and rising worker wages has led to an explosion of automated machinery, according to Intelligrated.
Despite US cheese inventories remaining "above historic levels", cheese prices, and as a result milk protein prices, increased in August. But why? DairyReporter.com's US dairy commodities expert and MilkPrice blogger, John Geuss, explains.
Soaring whey prices are changing the face of the protein concentrate market, but hefty Asian-driven premiums won’t signal a flood to plant proteins, says an analyst.
Do you know what drives the price of cheese in the US? Domestic consumption? Export demand? In this, the second installment of his four-part special on the US dairy commodities system, MilkPrice blogger John Geuss examines the factors that determine the...
Do you know your advanced pricing from your component pricing? In this, the first installment of a four-part special on the US milk payment system, MilkPrice blogger John Geuss explains the huge role played by the US government in controlling the country's...
Farmers For Action (FFA) demonstrated and created blockades at Arla Foods UK and Muller Wiseman Dairies processing facilities last week, in its latest attempt to bring an end to its long-running dispute with processors over farm gate milk prices.
Fonterra has slashed the cost of its Anmum maternal health products in China by 9%, making it the latest company to reduce its prices following the launch of a government investigation into suspected anti-trust law violations.
Australian dairy processor Brownes has played down concerns about a potential summer milk shortage following the recent announcement that its supplier, Lactanz, has gone into receivership.
The European Dairy Association (EDA) has called on European Union (EU) policymakers to consider the adoption of an intervention purchasing system as an alternative and “viable measure” against milk price volatility.
A group of British politicians has called on the government to consider legislation to bind contracts between dairy farmers and processors if the current Voluntary Code of Best Practice on Contractual Relationships fails to meet its objectives.
Class III milk prices jumped in April on the back of a "significant escalation" in NASS cheese prices. US dairy commodities expert and MilkPrice blogger, John Geuss, gave DairyReporter.com an update of US dairy price movements...
Organic fluid milk demand is “more sensitive” to swings in household income and food prices than demand for conventional milk, a US Department of Agriculture (USDA) study has discovered.
US dairy giant Dean Foods plans to “accelerate” its existing cost reduction efforts in 2013 in an attempt to minimise the impact of an anticipated decline in private label milk volumes.
Global food prices increased in March on the back of an 11% New Zealand-driven “surge” in global dairy prices, the Food and Agriculture Organisation of the United Nations (FAO) has revealed.
Class III milk prices continued to fall in March 2013 despite a slight decrease in US cheese, dry whey, and butter inventories during the month. According to US dairy commodities expert and MilkPrice blogger, John Geuss, any "real recovery" in...
US dairy giant Dean Foods has announced plans to close its Oak Farms processing plant in Shreveport, Louisiana later this year – citing the pressures of operating in a “highly competitive marketplace.”
Dairy Farmers of America (DFA) has agreed to pay $46m to settle a lawsuit that alleged it manipulated trading at the Chicago Mercantile Exchange (CME) in an effort to drive up dairy product prices in the US.
The European Dairy Association (EDA) has urged MEPs to reconsider their support for the introduction of a milk supply management system in times of crisis – a move it claims will create a “less profitable environment” for producers and processors.
Adams Food Ingredients (AFI) has developed a range of cost-saving clean-label dairy powders that enable manufacturers to replace all or part of a dairy ingredient.
US butter and butterfat prices fell in February 2013 on the back of rising US butter inventories - a build up that has been attributed to increased production and flat export growth. But there is a solution.... US commodities expert and MilkPrice blogger,...
Cheese inventories remained high going into February as a result of an exports slowdown at the end of last year. Stocks must be depleted before milk prices can improve. But how long will that take? US commodities expert and MilkPrice blogger, John Geuss,...
Class III milk and milk protein prices suffered in February 2013 as cheese inventories remained at near record highs going into the month. US dairy commodities expert and MilkPrice blogger, John Geuss, gave DairyReporter.com a breakdown of price movements...
