Pricing Pressures

More than 30,000 farmers are represented by the ADC and are facing an employment crisis. Pic: ©GettyImages/pixinoo

American Dairy Coalition pushes for worker-vetting program

By Beth Newhart

The American Dairy Coalition (ADC) is encouraging US Congress to pass the AG and Legal Workforce Act (HR 6417), a federal, mandatory verification system to vet all temporary, non-immigrant agriculture workers.

The cooperative last considered the milk price in May.

Fonterra drops 2018/19 forecast milk price

By Jim Cornall

New Zealand’s Fonterra Co-operative Group Limited has revised its 2018/19 forecast Farmgate Milk Price from NZ$7.00 (US$4.66) per kgMS to NZ$6.75 (US$4.49) per kgMS.

Phil Hogan will be one of the speakers at the INTL FCStone Financial's EU Dairy Outlook and Educational Forum in Dublin, Ireland, September 6 and 7, 2018.

Hogan to be keynote speaker at EU Dairy Outlook Forum

By Jim Cornall

INTL FCStone Inc. has announced Phil Hogan, European Commissioner for Agriculture and Rural Development, will be the keynote speaker at INTL FCStone Financial's EU Dairy Outlook and Educational Forum at the Aviva Stadium in Dublin, Ireland on September...

The company is projecting a contraction compared with the previous year of about -1% for net revenue and within a range of -3% to 0% for EBITDA.

Parmalat H1 revenue down but profit grows

By Jim Cornall

Italian dairy company Parmalat S.p.A. has issued its first-half financials, which show a net revenue of €3.03bn ($3.5bn), €240.4m ($278m) less than the first half of 2017.

Arla Foods UK is warning specialty cheese could be ‘very scarce’ and other dairy products an ‘occasional luxury’ if a London School of Economics report on Brexit scenarios comes to fruition. Pic: Getty Images/Azure-Dragon

Arla foresees post-Brexit dairy problems for UK consumers

By Jim Cornall

European dairy cooperative Arla Foods says Brexit could leave UK consumers with less choice and higher prices, turning everyday staples, like butter, yogurts, cheese and infant formula, into occasional luxuries, and making speciality cheeses ‘very scarce.’

Feedback submissions on the proposed changes must be received by June 20, 2018. Pic: ©Getty Images/Freer law

GDT public consultation on rule change proposals

By Jim Cornall

Global Dairy Trade (GDT) is looking for feedback on two proposed changes to the GDT Trading Event Rules, which it says are designed to bring price transparency to more supply regions through increased participation from sellers.

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