New Zealand’s Fonterra Co-operative Group Limited has announced an increased forecast Farmgate Milk Price for the upcoming 2018 season, to NZ$6.75 (US$5.09) per kilogram of milksolids (kgMS).
The USDA has plans to purchase approximately 11 million lbs. of cheese from private inventories to assist food banks and pantries across the nation, while reducing a cheese surplus that is at its highest level in 30 years.
RPC, which makes rigid plastic packaging for the food, dairy and beverage market among others, is set to acquire British Polythene Industries (BPI) for £261m ($379m), in August, subject to regulatory clearance.
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.
Chinese infant formula manufacturer Biostime International Holdings has entered into a Framework Agreement with Isigny Sainte Mère (ISM) to finance an expansion of the French firm’s infant formula production capacity.
The US dairy industry is on the road to becoming a “consistent global dairy supplier” after maintaining its export market share in 2012, the US Dairy Export Council (USDEC) has claimed.
US yogurt giant Chobani has set its sights on UK Greek yogurt category domination and is aiming to mirror its impressive US yogurt market achievements.
Danish food ingredient supplier Palsgaard is building a new US $30m emulsifier factory in Asia, with production scheduled to start in the second half of 2012.
The European Dairy Association (EDA) has published a biannual report on major dairy issues, updating processors on the market situation and regulatory and trade developments.
The UK organic dairy market remains optimistic this week following the 'shock' announcement from a leading processor that it was cutting payments to farmers, according to another supplier in the segment.
In response to rising demand in the chocolate industry and reduce
dependency on imports, Indian cocoa producers have said they will
increase domestic cocoa production by 60 per cent in the next four
years.
Colloides Naturels International targets natural market demand with a combination of a wheat fibre and an acacia gum fibre that provides non-soluble and soluble fibre for a wide variety of food applications.
Members of the National Farmers Union in the UK this week
demonstrated outside Dairy Crest cheese manufacturing and
distribution sites to call for a 2p per litre rise in the price
producers receive.
Members of the National Farmers Union in the UK this week
demonstrated outside Dairy Crest cheese manufacturing and
distribution sites to call for a 2p per litre rise in the price
producers receive.
The National Farmers' Union (NFU) has said that the whole milk
supply chain must demand price increases from its customers if
farmers are to receive an increase in farm gate prices.
RhodiaFood, part of French speciality chemicals company Rhodia,
recently announced that it would hike up the price of its Rhodigel
food grade xanthan gum by 10 per cent.
