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Global Dairy Trade Price Tumbles 5.2%
Thursday, March 20, 2014 (975 reads)

The price index at Fonterra’s Global Dairy Trade auction tumbled for the third event running, falling to its lowest level since last June. Fonterra's GDT Price Index dropped 5.2 percent, with an average selling price of $4,563 per ton down from $4,794 per ton in the last sale. The total product sold was 39,008 tons, down from 41,806 tons at the last auction.

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U.S. Cheddar Prices Reach Highest Level Since 1997
Thursday, March 20, 2014 (889 reads)

U.S. prices for cheddar cheese are at a wholesale price of $2.4200 per pound, which is the highest level since 1997, according to the Chicago Mercantile Exchange. The price hike is due in part to rising demand in China, and lower inventory from drought in California and lower output from New Zealand. Prices increased by 18% this year, resulting in higher costs for restaurants and consumers. 

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U.S. Industry Responds to Rising Chinese Dairy Demand
Thursday, March 20, 2014 (1217 reads)

Chinese demand for milk, driven by higher incomes and interest in richer protein sources, has led U.S. dairy manufacturers to increase production in an effort to expand in an export market that reached $706 million last year, according to the U.S. Dairy Export Council. American producers are boosting their capacity to better serve the Chinese market, as domestic demand for dairy remains stagnant. "For exporters to China, the window for trade opportunity is likely to remain wide open for some time," Rabobank said in a recent research report.

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CWT Assists with 4 Million Pounds of Cheese, Butter and Whole Milk Powder Export Sales
Thursday, March 20, 2014 (596 reads)

Cooperatives Working Together (CWT) has accepted 10 requests to sell 220,462 pounds (100 metric tons) of Cheddar cheese, 2.535 million pounds (1,150 metric tons) of 82% butter and 1.268 million pounds (575 metric tons) of whole milk powder to customers in Africa, Central America, Europe, the Middle East and North Africa. 

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Dannon Commits To Further Improve Nutrition Profile Of Its Yogurt
Thursday, March 20, 2014 (755 reads)

Together with the Partnership for a Healthier America at the 2014 Building a Healthier Future Summit, The Dannon Company announced a landmark commitment to further improve the nutrition profile of its yogurt products. As part of its four-part commitment, Dannon will further improve by 10 percent the nutrient density of its products in part by increasing nutrients that are encouraged in ahealthy diet, while reducing total sugar and fat, and will invest in nutrition education and research focused on healthy eating habits.

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Fonterra Chairman Visits New $126M UHT Milk Processing Site
Thursday, March 20, 2014 (752 reads)

Fonterra Chairman John Wilson visited Fonterra’s new $126 million UHT milk processing site located in Waitoa, New Zealand. The site is in its final stages of testing before commissioning Anchor UHT milk and cream products at the end of this month.

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Schreiber Foods Selling Packaging Division for $133M
Wednesday, March 19, 2014 (735 reads)

Schreiber Foods Inc. has agreed to sell its Capri Packaging division for $133 million to a Canadian printing company.

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The U.S. Cheese Market Is Expected to Grow at a CAGR of 7.5% Over Next Six Years
Wednesday, March 19, 2014 (1354 reads)

The demand for cheese is expected to grow at a CAGR of 7.3% in terms of revenue from 2013-19, and the market was valued at $72.45 billion in 2012 and is expected to reach $118.44 billion by 2019. According to a new market report, published by Transparency Market Research titled "Cheese (American, Italian, Hard, Soft, Fresh and Others) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013-2019." 

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Study Shows Over Half of US Consumers Want More Protein in Their Diets
Wednesday, March 19, 2014 (756 reads)

The majority of U.S. consumers (78 percent) agree that protein contributes to a healthy diet and more than half of adults say they want more of it in their diets, reports The NPD Group, a leading global information company. “While our interest in protein is growing, we’re looking for alternatives to meat. Many of us are looking to lower the cost of our protein sources, and animal meat is generally more expensive than plant-based protein, which explains the growth in Greek yogurt and other alternate protein sources,”  says Harry Balzer, chief industry analyst and author of Eating Patterns in America.

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Fonterra Launches China-New Zealand Dairy Exchange Center
Wednesday, March 19, 2014 (838 reads)

Fonterra has announced the launch of the China-New Zealand Dairy Exchange Centre in Beijing. The Center is a joint initiative between Fonterra and China’s National Dairy Industry and Technology System to support the sustainable development of the dairy industry in both countries.

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