Trade

Cargill reports a 20% earnings loss in Q2

By Beth Newhart

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.

Retail sales volumes of all key dairy categories have declined in the US since 2017, excluding natural cheese. Pic: ©GettyImages/sergeyryzhov

Tight margins and bad weather affected 2018 global milk production

By Beth Newhart

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...

The trade deal won't take immediate effect and must be ratified by each country's government. Pic: ©GettyImages/Bet_Noire

Dairy industry reacts to North American leaders signing USMCA deal

By Beth Newhart

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 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...

Photo: iStock

Asia-Pacific fuels a challenging year for dairy

By RJ Whitehead

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.