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Danone Raises its Stake in China’s Leading Dairy Company Mengniu
Thursday, February 13, 2014 (621 reads)

Danone announced an agreement, together with COFCO Dairy Investments, to subscribe a reserved rights issue by China’s leading dairy company Mengniu, raising its interest in this company from 4.0% to 9.9% for an investment of US$665 million.

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Arla Foods Ingredients Launches Solution for Huge Cost Savings in Cheese
Wednesday, February 12, 2014 (704 reads)

Arla Food Ingredients has launched Nutrilac FastRipe, which is a natural milk protein that enables cheese-makers to reduce ripening times and save thousands of euros every year without any negative impact on product quality or shelf-life. 

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Saputo Looks Toward More Acquisitions with Global Strategy
Wednesday, February 12, 2014 (858 reads)

Canadian milk processor Saputo is taking a "very bullish" approach to global acquisitions, CEO Lino Saputo said. "Our balance sheet remains strong and we have the necessary resources to integrate multiple acquisitions at the same time," Saputo said, noting possible target countries for expansion, including Brazil, New Zealand, the U.S. and Canada. 

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EU Wants U.S. to Change Name of Parmesan, Muenster and Other Cheeses
Tuesday, February 11, 2014 (977 reads)

The European Union has requested that the U.S. cease labeling cheese with names that are associated with European cities or regions since they are not produced there. Potential cheeses affected by the proposed regulation include Parmesan, Muenster, havarti, feta and Gouda. 

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President Obama Signs Farm Bill Now Clock Is Running For USDA
Tuesday, February 11, 2014 (779 reads)

President Barack Obama signed the farm bill into law February 7, 2014. The $956 billion, five-year bill eliminates billions of dollars in subsidies to farmers, expands federal crop insurance in a $41 billion effort, and trims the food-stamp program by 1%, or $800 million per year, while raising the eligibility requirement.  Now that the Farm Bill is signed and new dairy policy moves beyond the conception stage, a sixth-month gestation period is underway at USDA before a new Dairy Margin Protection Program must be generated.

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More Resources Needed for FSMA Implementation
Tuesday, February 11, 2014 (700 reads)

The Food and Drug Administration will need more than the estimated $580 million in funding to implement the mandated changes in the Food Safety Modernization Act, according to Michael Taylor, the FDA's deputy commissioner for foods and veterinary medicine. "We will continue efforts to make the best use of the resources we have, but simply put, we cannot achieve FDA's vision of a modern food safety system and a safer food supply without a significant increase in resources," Taylor said. 

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Davisco Foods International, Inc. Confirms a 3 Year Shelf Life on Whey Powders
Friday, February 07, 2014 (731 reads)

In a study spanning over 3 years, Davisco detected no significant change in flavor, aroma, color or nutritional composition in sweet dairy whey and deproteinized whey.  

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Finnish Whey Powder Plant Increases Production by 10%
Thursday, February 06, 2014 (772 reads)

One of the largest whey powder production plants in Finland recently increased its production by more than 10% without having to invest in any hardware or use more energy in the process. 

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INTL FCStone Inc. Subsidiary Acquires Sinclair & Company
Thursday, February 06, 2014 (759 reads)

INTL FCStone Inc. has announced that its wholly owned subsidiary, FCStone, LLC, has acquired Sinclair & Company, an introducing broker in Twin Falls, Idaho. Focusing on dairy, grains and livestock, Sinclair & Company has been meeting the commodity risk management needs of their customers since the late 1970s.

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Dairy Product Prices Gain in GDT Auction, led by Whole Milk Powder and Butter
Thursday, February 06, 2014 (942 reads)

An increase in the volume of product on offer did not put any pressure on prices at the February 4th GlobalDairyTrade Event.  The GDT Price Index, which covers a variety of products and contract periods in the auction, rose 0.5% compared with the prior auction for Jan. 21 and the average selling price was $5,042 driven primarily by the higher prices achieved for whole milk powder (WMP) and butter. Dairy prices are up more than 40% since early February last year.

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