Pricing Pressures

At the beginning of 2019 customs duties on dairy products will be reduced by about 40%. Pic: ©Getty Images/Armastas

Dairy market reform agreement signed in Israel

By Jim Cornall

Israel’s Minister of Finance, Moshe Kahlon, Minister of Agriculture Uri Ariel, the Israel Farmers Association, and the Association of Cattle Breeders signed a reform agreement on the dairy market on October 29.

Westland said it was 'making progress on the matters it had direct control of.'

Westland reduces payout prediction

By Jim Cornall

The decline in global prices for dairy commodities, especially butter, has forced the board of Westland Milk Products to lower its predicted payout range for the 2018-19 season to NZ$6.10-NZ$6.50 (previously NZ$6.50-NZ$6.90).

Roughly $1.5bn in revenues will be lost by US dairy farmers in the second half of 2018 as a result of retaliatory tariffs. Pic: ©GettyImages/Kwangmoozaa

NMPF criticizes USDA dairy aid package for falling ‘far short’

By Beth Newhart

The National Milk Producers Federation (NMPF) sent a letter to US Agriculture Secretary Sonny Perdue analyzing the federal dairy aid package the US Department of Agriculture (USDA) announced over the summer. An eventual $12bn payout is aimed at helping...

The cooperative has announced it will work with Asset Match to provide a free trading system for members to deliver market-derived trading prices.

First Milk announces new member premium

By Jim Cornall

UK dairy cooperative First Milk has today announced a series of changes to its capital structure that will see the introduction of a ‘member premium’ in the form of a 13th payment to members from next year, as well as increased transparency in share trading...

Fonterra chief executive Miles Hurrell said global demand is not matching current increases in supply.

Fonterra drops farmgate milk price

By Jim Cornall

New Zealand’s Fonterra Co-operative Group Limited has revised its 2018/19 forecast Farmgate Milk Price from NZ$6.75 (US$4.37) per kgMS to a range of NZ$6.25-NZ$6.50 (US$4.05-US$4.21) per kgMS and increased its forecast New Zealand milk collection volumes...

The Canadian dairy industry employs more than 220,000 people and contributes about $20bn per year to Canada's GDP. Pic: ©GettyImages/constantinopris

updated

US and Canada dairy opinions differ on new trade deal

By Beth Newhart

The US has reached a new agreement with Canada following a year of trade negotiations. The US-Mexico-Canada Agreement (USMCA), which includes Mexico, replaces the North American Free Trade Agreement (NAFTA). But the terms have left the dairy industry...

The board has reduced the payout prediction for 2018-19 to NZ$6.50-NZ$6.90 (US4.32-US$4.58).

Westland Milk Products says milk payout ‘not competitive’

By Jim Cornall

New Zealand’s Westland Milk Products has reported a final milk payout of NZ$6.12 (US$4.06) per kilo of milk solids (kgMS), less a five cent retention, delivering a net average result for shareholders of NZ$6.07 (US$4.03) per kgMS.

The ZIsk app updates every 10 minutes and features customized alerts.

Zisk app launched for dairy farmers

By Jim Cornall

The number of dairy operations in the US has been declining over the past 20 years; the state of Wisconsin alone has lost more than 2,200 dairy farms in the past five years.

Fonterra CEO Miles Hurrell says the cooperative’s business performance must improve.

Fonterra looks for improvement after posting $196m loss

By Jim Cornall

New Zealand dairy cooperative Fonterra has announced its FY18 annual results, the plan to improve its business performance and the outlook for FY19, including a review of its investment with Chinese company Beingmate.

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