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Russia Opens Dairy Market But Indian Exporters Face Pricing Barrier
Thursday, May 05, 2016 (576 reads)


India is unlikely to benefit much from the opening up of Russian markets for hard cheese exports due to a sharp fall in prices in international markets. Over the past 16 months, since Russian president Vladimir Putin announced opening up of Russian market for Indian dairy products in December 2014, prices of cheese and skimmed milk powder have slumped by 50% due to the global economic slowdown. Against the current price of Rs 350 a kg in Indian markets, skimmed milkpowder (SMP) is being quoted at Rs 180 a kg in international markets, including Russia.



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CWT Assists with 1.4 Million Pounds of Cheese and Whole Milk Powder Export Sales
Thursday, May 05, 2016 (472 reads)


Cooperatives Working Together (CWT) has accepted 7 requests for export assistance to sell 1.232 million pounds (559 metric tons) of Cheddar cheese and 130,073 pounds (59 metric tons) of whole milk powder to customers in Asia, Central America and Oceania. 



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U.S. Milk Production Sets New Record in 2015
Thursday, May 05, 2016 (543 reads)


U.S. milk production increased 1.3 percent in 2015 to a record 209 billion pounds. According to the USDA’s National Ag Statistics Service, the rate per cow, at 22,393 pounds, was 134 pounds above 2014. The annual average number of milk cows on farms was 9.32 million head, up 60,000 head from 2014.

 


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U.S. Cheese Inventories Soar To Highest Since 1984
Thursday, May 05, 2016 (500 reads)


If history is any guide, this year's food trend should be extra cheese. USDA statistics show U.S. cheese inventories at the end of March were the highest for the date since 1984. 


 



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Analysts Share Global Market Outlook at ADPI/ABI Conference
Thursday, May 05, 2016 (605 reads)


Market analysts shared their outlook for global fundamentals in dairy markets this week during the American Dairy Products Institute/American Butter Institute annual conference in Chicago. Monday’s session, “Dairy Market Outlook for 2016 and Beyond,” featured insight from analysts Jon Davis, meteorology team lead at Riskpulse Inc.; Tom Bailey, North American analyst for Rabobank; and Phil Plourd, president and CEO, Blimling and Associates. The session was moderated by Mary Ledman, owner of Keough Ledman Associates Inc. and Daily Dairy Report.



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