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China Eyes Australia's Dairy Sector
Thursday, January 10, 2013 (919 reads)

China’s eyes are currently on Australia, with the Wall Street Journal reporting that China Investment Corp (CIC) a, Chinese sovereign wealth fund, is among three large funds vying to take a stake in Australian dairy producer Van Dieman’s Land Co (VDL). It has been reported that CIC had held talks with Fonterra about investing in the group’s newly created shareholder fund. Fonterra’s farms put out nearly 22 million tons of milk products in 2011, and the company exports roughly half the world’s supply of milk powder.

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Lower Chinese Tariffs May Boost Sales for Milk Powder
Thursday, January 10, 2013 (932 reads)

The Malaysia External Trade Development Corporation (MATRADE) is encouraging Malaysian exporters to tap on Chinese regions which will see significant growth in the coming years following its decision to lower import tariffs on 784 products effective January 1, 2013.

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U.S. Export Performance Tops Dairy Highlights of 2012
Wednesday, January 09, 2013 (812 reads)

At year-end, with November and December data still unreported, U.S. dairy suppliers were on track to ship $5 billion in exports for the first time. Through the first 10 months of 2012, the volume of major products increased a combined 5.5 percent to more than 2.8 billion lbs. Although growth had softened in recent months, U.S. cheese and whey protein concentrate were poised to shatter volume records, and nonfat dry milk/skim milk powder was tracking at or near record levels.

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CWT Assists with 3.9 Million Pounds of Butter and Cheese Export Sales
Wednesday, January 09, 2013 (747 reads)

Cooperatives Working Together (CWT) has accepted 10 requests for export assistance to sell 1.358 million pounds (616 metric tons) of Cheddar and Monterey Jack cheese, 2.519 million pounds (1,143 metric tons) of butter and 44,092 pounds of whole milk powder to customers in Asia, the Middle East, North Africa and South America.

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US Dairy Farm Profits Dive
Thursday, January 03, 2013 (1206 reads)

The milk:feed ratio, a measure of farm profitability fell to 1.65 during December 2012. Farm profits had begun to improve during the latter part of 2012 but a fall in milk prices in December has put further pressure on profits. During the month of November 2012 the milk:feed ratio stood at 1.73 while a year ago the ratio was 1.88.

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Agropur Purchases Foremost Farms USA’s Dry Blending Business
Thursday, January 03, 2013 (985 reads)

Agropur has announced that it has purchased Foremost Farms USA’s dry blending business. As a result of this transaction, Agropur now owns the following brands: Reddi‐Sponge®, PZ‐44®, Econo Bake®, Dairy Bake®, Nutrimix® and Baker’s Special™. Main Street Ingredients, part of Agropur, will commercialize these brands.

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CFR Acquires C.E. Rogers Company
Thursday, January 03, 2013 (1075 reads)

Custom Fabricating & Repair (CFR) announced January 1, 2013 that it has acquired long time ADPI member C.E. Rogers Company of Mora, Minnesota.

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Milk Powder Prices Increase to Six Week High
Wednesday, January 02, 2013 (1138 reads)

Dairy prices started 2013 on a firm note at GlobalDairyTrade auction, rising to their highest in nearly a year, amid doubts over prospects for milk output in New Zealand, the top exporting country.

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Tetra Pak Looks To Secure Middle Eastern Markets
Wednesday, January 02, 2013 (1245 reads)

Tetra Pak Pakistan, a company that has for decades provided packaging solutions to Pakistan’s food industry – primarily to dairy products – has equipped its only unit in Lahore with the latest machinery to start capturing neighboring Middle Eastern markets as well this year.

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Fiscal Plan Averts "Dairy Cliff," Buys Time For Farm Bill
Wednesday, January 02, 2013 (937 reads)

The fiscal-cliff bill that cleared Congress on January 1st includes a measure to avert the "dairy cliff," a sharp rise in consumer prices for milk that could have been triggered by the expiration of the 2008 farm bill. A nine-month extension of the farm bill was added to the fiscal-cliff package before it passed the Senate in the early hours on January 1sty; the House cleared the bill that night.

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