Pricing Pressures

Hochdorf said due to higher costs and depreciation the half-year result is expected to be significantly below that of the previous year.

News in brief

Hochdorf says first-half results will be down

By Jim Cornall

Switzerland’s Hochdorf Group has warned that its half year results are going to be worse than expected partly due to the challenges of integrating subsidiaries.

Synlait has applauded the New Zealand government's sustainability initiative. Pic: ©Getty Images/PatrikStedrak

Synlait supports Zero Carbon Bill

By Jim Cornall

New Zealand dairy company Synlait has responded positively to the government's Zero Carbon Bill announcement, which includes new methane targets.

The decision tool assists producers with calculating total premiums costs and administrative fees associated with participation in DMC. Pic: ©Getty Images/steverts

USDA launches decision tool for Dairy Margin Coverage program

By Jim Cornall

US Agriculture Secretary Sonny Perdue has announced the availability of a new web-based tool – developed in partnership with the University of Wisconsin – to help dairy producers evaluate various scenarios using different coverage levels through the new...

Kroger intends to use the after-tax cash proceeds to reduce its debt. Pic: Getty/martinrlee

Kroger completes Turkey Hill sale

By Beth Newhart

After announcing that it may drop its flagship dairy brand last August, Kroger sold Turkey Hill to Peak Rock Capital earlier this year. The agreement was completed this week for $215m.

Project Darwin aims to reduce cost and improve margins.

Müller confirms UK dairies review

By Jim Cornall

Müller Milk & Ingredients (MMI), Britain’s largest producer of branded and private label fresh and flavored milk, cream, butter and dairy ingredients, is to review its network of dairies as part of its £100m ($129.4m) Project Darwin program, and enter...

The UK imports more mozzarella than it exports. Pic: ©Getty Images/kiboka

No-deal Brexit could shred UK mozzarella business

By Jim Cornall

According to AHDB Dairy, under a no-deal scenario, the UK would face the EU common external tariff on any exports sent to the EU, meaning tariffs of €185.20/100kg ($208.50) on mozzarella.

The DBA met in Madison to discuss the future of Wisconsin's dairy community. Pic: Getty/Sean Pavone

DBA announces legislative and budget priorities in Wisconsin

By Beth Newhart

The Dairy Business Association (DBA), an organization of the Wisconsin dairy community, outlined its legislative and budget priorities for 2019-2020 at a Dairy Day this month, taking place at the Capitol in Madison.

Representatives from African and European organizations called for a balanced agricultural and trade policy in the EU to guarantee fair conditions for dairy farmers in Africa and Europe.

Rally calls for sustainable European production

By Jim Cornall

At a rally close to the EU Council building earlier this week, dairy farmers from Burkina Faso, Mali, and three other West African countries joined European dairy farmers to call for sustainable production in Europe and Africa to ensure the survival of...

Will raising the liter price of milk help farmers? Pic: ©Getty Images/petej

It’s hard to see much respite when Australian prices continue to be set from overseas

Will Aussie dairy farmers gain as much as they hope with end of the milk wars?

By Richard Whitehead

Less than a month after the Australian dairy industry marked the eighth anniversary of the so-called “milk wars” last Australia Day, Woolworths announced it would break ranks and rise its prices.

Global economic growth is looking gloomy and the US could see a recession next year. Pic: Getty/nanoqfu

Global milk supply growth has stalled in 2019

By Beth Newhart

The first quarter of the year is coming to a close, and Rabobank has released Q1 2019 numbers from its Dairy Quarterly report. The world’s largest exporters of dairy have stalled in year-over-year milk supply growth, but the US is experiencing a mixed...

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