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Tuesday, December 12, 2017
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China’s June Dairy Imports Jump 26%
Tuesday, August 23, 2016 (341 reads)


China’s June imports of dairy products jumped 26% while growth in European Union milk production slowed for a third month, signs the global dairy market may be starting to turn. The update comes after the latest GlobalDairyTrade auction when dairy prices soared more than expected as signs that a worldwide supply glut. It has bolstered optimism about the outlook.



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Major Changes Coming To The Canadian Dairy Industry
Friday, August 19, 2016 (484 reads)


A new, tentative agreement reached between Canadian dairy farmers and processors will allow Canadian processors to buy domestic milk ingredients at world market prices. The nationwide pricing strategy aims to incentivize the use of Canadian domestic ingredients by pricing them at levels that are competitive with those offered by American and other international producers. 



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US Milk Production Forecast To Rise In 2017
Thursday, August 18, 2016 (380 reads)


US milk production for 2017 is forecast to rise to 215.8 billion pounds, according to the latest US Department of Agriculture’s World Agricultural Supply and Demand Estimates (WASDE) report. Fat basis exports are raised for 2016 on continued strength in whole milk powder (WMP) exports. On a skim-solids basis, the export forecasts for 2016 and 2017 are raised on higher sales of WMP and whey products. 



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Global Dairy Prices Soar at Latest Auction
Thursday, August 18, 2016 (363 reads)


Global dairy prices have risen nearly 17% in four weeks, an encouraging sign for a sector struggling globally by low prices and growing stockpiles of cheese and milk powder. The GlobalDairyTrade Price Index, which covers a variety of products and contract periods, rose 12.7%, with an average selling price of $2,731 per ton at the August 16th auction. The index is now at its highest level since October 20, 2015.



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Chinese Dairy Industry Recovering From Scandals
Thursday, August 18, 2016 (422 reads)


Following eight years of tightened regulation and an industry overhaul, Chinese dairy products are emerging from the shadow cast by high-profile safety scandals, according to a recently released report.The quality of domestic milk products has improved substantially, according to a report from the Dairy Association of China (DAC). It was the first DAC report released to the public.



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CWT Assists with 1.5 Million Pounds of Cheese Export Sales
Thursday, August 18, 2016 (298 reads)


 Cooperatives Working Together (CWT) has accepted 13 requests for export assistance to sell 1.506 million pounds (683 metric tons) of Cheddar, Colby, Gouda and Monterey Jack cheese to customers in Asia, Central America, the Middle East and North Africa. 



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Rabobank Urges Caution on Milk Market Bounce
Friday, August 12, 2016 (401 reads)


International dairy prices have turned a corner, but market experts warn that the sector “still has a ways to go before sustainable price increases” will be seen at farm level. However, Rabobank’s dairy specialist Kevin Bellamy said that export surpluses would still take some time to be washed out of the system.

 



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Dairy Ingredient Potential Remains Uptapped in the Toddler Nutrition Category
Thursday, August 11, 2016 (371 reads)


Products formulated for toddlers with nutrition-rich dairy ingredients represent a major untapped opportunity for food and beverage brands. According to Euromonitor, the global toddler food and beverage market was worth US$34 billion in 2015, making it significantly bigger than the $24.7bn infant formula market. Sales of toddler products are forecast to post a compound annual growth rate of 11.4% between now and 2018 to reach $47bn, indicating the enormous potential this market offers.



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Midfield Group and Louis Dreyfus Company Dairy Asia Announce Joint Venture on Dairy Plant in South Australia
Wednesday, August 10, 2016 (310 reads)


The privately owned Midfield Group and Louis Dreyfus Company Dairy Asia Pte Ltd., a wholly owned subsidiary of Louis Dreyfus Company Asia, has announced that they have entered into a joint venture for the construction, development and management of a dairy processing plant and related commercial activities. The new plant, currently under construction in Penola, South Australia, is expected to start operations in July 2017. When completed, the plant will have an annual processing capacity of 220 million liters of raw milk, producing dairy powders and fats for the domestic and international markets.



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CWT Assists with 1.2 Million Pounds of Cheese and Whole Milk Powder Export Sales
Wednesday, August 10, 2016 (319 reads)


Cooperatives Working Together (CWT) has accepted four requests for export assistance to sell 608,476 pounds (276 metric tons) of Cheddar cheese and 573,202 pounds (260 metric tons) of whole milk powder to customers in Asia and South America. The product has been contracted for delivery in the period from August through October 2016.



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