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Fonterra Reports Strong Growth in Dairy Imports by China and Other Markets
Thursday, April 28, 2016 (420 reads)


Fonterra Co-operative Group, said it was seeing a strong growth in imports by China, Asia and Latin America, offering a glimmer of hope for dairy farmers hit hard by a global oversupply. Fonterra has reported that its imports into China jumped 14 percent year-on-year in February, with significant increases across most of the major dairy categories. Imports for the 12 months to February rose 6 percent.



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U.S. Senator Murphy Introduces New Bill Supporting Cheese Producers
Thursday, April 28, 2016 (512 reads)


U.S. Senator Chris Murphy (D-Conn.) has introduced new legislation to increase federal support and resources for small cheese producers in Connecticut and across the United States. Murphy’s Local Cheese Promotion and Dairy Support Act will strengthen local dairy supply chains by creating a new $5 million grant program to help small cheese producers grow their businesses. To support local agricultural systems, preference will be given to cheese producers who produce their own raw material (primarily milk), or purchase raw material from farms within their state. The legislation will also support regional and national cheese-making resource centers where experienced cheesemakers, financers, and other experts will be available to help beginning cheesemakers.

 


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CWT Assists with 7.8 Million Pounds of Cheese and Whole Milk Powder Export Sales
Thursday, April 28, 2016 (350 reads)


Cooperatives Working Together (CWT) has accepted 12 requests for export assistance to sell 2.465 million pounds (1,118 metric tons) of Cheddar and Gouda cheese and 5.307 million pounds (2,407 metric tons) of whole milk powder to customers in Asia, the Middle East, North Africa and South America. 



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Murray Goulburn’s Domino Effect on Australia’s Dairy Industry
Thursday, April 28, 2016 (450 reads)


Dairy farmers fear a profit downgrade from Murray Goulburn will lead to widespread cuts to the price they are paid for their milk. Units in Murray Goulburn’s listed trust have been suspended from trade since Friday while the co-operative revises its earnings outlook in the wake of a deteriorating global dairy market. 

 


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Senators Pressure Negotiators on Needs of U.S. Dairy In EU Trade Agreement
Thursday, April 28, 2016 (403 reads)


The dairy industry has praised a bipartisan group of 26 senators for urging US negotiators to address the needs of agriculture – including key dairy issues – in any free trade agreement with the European Union.



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Global Dairy Trade Launches New Services Including Complementary Trading Platform
Wednesday, April 27, 2016 (433 reads)


Global Dairy Trade  is set to expand its role in online trading and digital services. Through enhancements to the existing twice monthly Trading Events and the launch of two new services, GDT Marketplace, a new 24/7 dairy trading platform and GDT Insight, a subscription service offering round-by-round and post-event data from GDT Events. GDT is also confirming the introduction a new Cream Group for Anhydrous Milk Fat and Butter on GDT Events from June. 



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Wisconsin Dairy Says $100 Million in Exports to Canada at Risk
Friday, April 22, 2016 (606 reads)


Grassland Dairy Products located in Greenwood, Wisconsin, says Canada is preparing to take steps to halt imports of ultra-filtered milk from the U.S., a move that could result in the loss of $100 million in annual exports from Wisconsin.

 



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Highlights From The World Championship Cheese Contest
Friday, April 22, 2016 (395 reads)


The U.S. took home top honors at the 2016 World Champion Cheese Contest, which was held during the International Cheese Technology Expo (ICTE) in Milwaukee, Wisconsin. Team Emmi Roth USA from Fitchburg, Wisconsin was award the title of 2016 World Champion with their Roth Grand Cru Surchoix, which finshed with a a champion round score of 98.882.  “It’s so great to have a U.S. winner again in the world contest,” says John Umhoefer, executive director, WCMA. T.C. Jacoby & Co., placed the winning bid on the 2016 World Champion Cheese, which sold for $775 per pound  making it the second-highest bid of the evening.  Glanbia and and its joint venture Southwest Cheese, brought home a record-breaking 18 awards from the contest. In total, they retained the most medals from any country entered in the world contest.  A total of $197,110 was raised at the auction, which is part of the biennial ICTE, hosted by the Wisconsin Cheese Makers Association (WCMA) and the Wisconsin Center for Dairy Research (CDR), and funds raised go toward scholarships, education programs and industry support provided by WCMA.

 



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Global Dairy Prices Rise for Second Auction in a Row as Volumes Drop
Friday, April 22, 2016 (467 reads)


Whole milk powder prices rallied at the April 19th GlobalDairyTrade auction, showing stronger than expected gains, although prices for other dairy commodities were more muted. Product prices climbed 3.8 percent to $2,263 per ton, making it the second consecutive auction of gains. While the total volume of product sold was 21,206 tons, down 6.5 percent. 

 



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GDT Announces Inaugural Oversight Board Chair
Thursday, April 21, 2016 (429 reads)


GlobalDairyTrade has announced the appointment of respected commodity market expert and non-executive director, Bill Shields, as the inaugural independent Chairman of the GDT Oversight Board. A new financial member class has also been added to the GDT Oversight Board with three representative positions to be filled by FC Stone International (US), NZX Limited and OM Financial (NZ). The Board now comprises 11 highly respected members providing a balanced representation of the trading platform’s participants. 

 


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