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Squeezed Dry by Sanctions: German Dairy Farmers Cut Output to Increase Demand
Friday, September 30, 2016 (486 reads)


In October, around 10,000 dairy farms in Germany are due to reduce milk production, in a bid to increase demand for milk in the world market and drive prices back up. The move comes as no surprise, given that the milk prices collapsed after Moscow introduced food embargo in response to the EU’s anti-Russian sanctions. Russian customers were the third largest buyers of German dairy products, such as butter and cheese, after the German domestic market and the EU market, he added, referring to milk producers in other EU countries who were also hit by the Russian food embargo.


 



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Rabobank says NZ Milk Price Could Hit $6 Next Year
Thursday, September 29, 2016 (470 reads)


Rural lending specialist Rabobank expects farmgate milk prices to lift towards the low $6.00 per kg mark, up from its previous forecast of a price in the mid to high $4s, if world dairy production continues to decline. New Zealand dairy analyst Emma Higgins, commenting ahead next week's quarterly report by the bank on the world's dairy sector, said wholemilk powder prices could reach US$3300 a ton by early next year.



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CWT Assists with Cheese Export Sales
Thursday, September 29, 2016 (458 reads)


Cooperatives Working Together (CWT) has accepted 19 requests for export assistance from members who have contracts to sell 3.702 million pounds (1,679 metric tons) of Cheddar, Gouda and Monterey Jack cheese to customers in Asia. As well as, 13 requests for export assistance from Dairy Farmers of America, Northwest Dairy Association/Darigold and Tillamook County Creamery Association, which have contracts to sell 2.288 million pounds (1,038 metric tons) of Cheddar and Monterey Jack cheese to customers in Asia, Central America, the Middle East, North Africa and Oceania. The product has been contracted for delivery in the period from September through December 2016.



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China's Third Largest Baby Formula Producer Opens Plant in France’s Brittany Region
Thursday, September 29, 2016 (528 reads)


China's third largest baby formula producer has opened up a massive plant in France's Brittany region and are set to contribute 100,000 tons of powdered milk a year to a growing Chinese market.



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New Zealand Dairy Company Synlait Increases Milk Price Outlook
Thursday, September 29, 2016 (411 reads)


On the back of recent increases in dairy commodity prices, Synlait has increased its milk price forecast for farmer suppliers.  As well as the milk price increase, Synlait also announced an investment program of $300m on additional facilities for the manufacture of infant formula, consumer packaging, infrastructure requirements and cream manufacturing. Synlait is a major producer of infant formula and supplies four of the world’s five largest infant formula companies



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Nestlé takes Nesquik Protein Plus Nationwide
Thursday, September 29, 2016 (536 reads)


Nestlé has rolled out its Nesquik Protein Plus line, which is made from cow's milk and includes 23 grams of protein in vanilla and chocolate flavors. The company paired the launch with a video ad campaign aimed at getting "kidults" to drink the beverage, featuring spoofs of the intense action of traditional sports ads but showing men playing steely-eyed games of table tennis and Wiffle ball.



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European Butter Prices Reach Highest Level Since 2014
Thursday, September 29, 2016 (465 reads)


European butter prices are up by 29% compared with this time last year, according to figures released by the EU Milk Market Observatory. Though the average EU price of butter fell by almost 1% last week, it jumped from €3.47/kg ($4.50/kg) to €3.75/kg ($4.86/kg) the week before. This was the highest price butter has been since February 2014.



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New Zealand Companies Urge WTO Action Against Canada
Thursday, September 22, 2016 (417 reads)


A group representing New Zealand dairy companies has joined forces with overseas counterparts in a bid to get the World Trade Organization to take action over what they allege is the dumping of dairy products on world markets by Canada. In a joint letter, DCANZ and its associated organizations in the US, Australia, Europe, and Mexico set out their concerns that a recently concluded agreement between Canadian dairy producers and processors would provide an incentive to substitute Canadian dairy ingredients for imported dairy ingredients and would unfairly subsidize exports of Canadian dairy products.The agreement would provide a guaranteed price for milk used to manufacture ingredient dairy products, including skim milk powder and milk protein concentrate, which is below Canada’s cost of milk production, and which matches the lowest globally traded reference price for these products.



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Dairy Prices Rise While Volumes Drop at Latest GDT Auction
Thursday, September 22, 2016 (412 reads)


It seems the steam has come out of the dairy market, with only a small lift in dairy commodity prices during the September 20th Global Dairy Trade (GDT) event. This small increase follows three consecutive sharply higher auctions, up 7.7%, 12.7% and 6.6% respectively. The GDT Price Index lifted 1.7%, and the average selling price was up to US$2975/t – an increase of just US$55/t on the September 6th event. While prices did see a small increase, the volume of product sold dropped 4.5% from the September 6th auction to 35,086 tons.



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In Memoriam – Dennis Breuer
Thursday, September 22, 2016 (453 reads)


Dennis M. Breuer, 71, of Wabasha, Minnesota, died  August 3, 2016, at his home surrounded by his loving family after a three-year battle with cancer. Dennis was a master cheese maker working for several creameries in Wisconsin and Minnesota. During his carreer, Dennis had worked for Francis Greenheck at the Nelson Cheese Factory, as well as Plainview Milk Products and then Ramsen Dairy and Fairway Dairy in Lakeville, Minn. He retired in January 2014 due to health issues.



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