Exporters have shifted their interest to dairy protein products in recent years while WMP exports have declined – but dairy remains a crucial contributor to the Kiwi economy and acts as a ‘shock absorber’ for farmers in volatile times.
Minister of Agriculture and Agri-Food, Marie-Claude Bibeau said that the fourth payment completes ‘full and fair’ compensation to producers who have lost market share as a result of two international trade agreements.
At the International Dairy Foods Association’s (IDFA) Dairy Forum this week, president and CEO Michael Dykes spoke of the challenges facing US dairy, including product innovation, milk bankruptcies and setting the industry up for a sustainable future.
More out of market investments and a strong US production base are bolstering cheese growth. Rabobank took a look at the global cheese market since 2010 in a recent report, and predicted what’s to come.
Over the weekend, US president Donald Trump put into effect a new round of tariffs on Chinese goods, while the US Dairy Export Council (USDEC) visited Chinese officials to preserve its relationship with China.
In the first quarter of 2019, US dairy production and exports were down compared to Q1 2018, particularly in the midwestern states. Globally, dairy is still dominated by a few key players and facing challenges from African Swine Fever.
Last week President Donald Trump announced plans to close the southern US border, effectively ending trade with Mexico. He has since changed his mind and now given Mexico ‘a one-year warning’ with further threats of tariffs.
Cargill took a hit in its second quarter with a 20% drop in net earnings compared to the year-ago period. It cited a ‘world of uncertainty’ affected by the struggling US dairy industry and lingering trade wars throughout 2018.
Rabobank has published its Dairy Q4 Quarterly report, which states the US saw just 1% growth in milk production in 2018, the lowest year-on-year (YOY) growth since 2013. Milk production was also down in the EU and Australia last year, but rose in New...
After months of back-and-forth and a tumultuous summer of trade disputes between the US, Canada and Mexico, the three North American nations have officially signed the US Mexico Canada Agreement (USMCA), dismantling the previous North American Free Trade...
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...
As the global dairy industry grapples with issues of oversupply and the changing face of product mixes, Asia-Pacific countries will hold massive sway over the direction the market takes over the coming 12 months, according to the US Dairy Export Council.
Rabobank has changed its view on the likely role of China and India in global dairy markets. It has abandoned the view that the countries will reach self-sufficiency soon and now predicts that they will call on the world market more frequently in the...
The Thai government says it is looking forward to strong growth in
its burgeoning rice export industry during the course of the next
three years, as the nation races to extend its lead in the market.
However, market analysts believe...