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India Extends Ban on Chinese Dairy Imports
Friday, July 06, 2012 (1083 reads)


India’s Directorate General of Foreign Trade (DGFT) issued a notification on June 3rd extending the ban on the import of milk and milk products from China till June 23 next year.



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China is Making Food Safety a National Priority
Friday, July 06, 2012 (965 reads)


The Chinese State Council pledged to solve food safety issues in three years, but effective supervision and punishment of those breaking the law is the key to accomplish the ambitious target, according to analysts. The government will launch a crackdown on food plants and individuals endangering food safety to significantly improve the situation in three years. The country will also establish a better regulation mechanism, legal and standards systems, as well as technical support systems, to improve the overall food safety management level in about five years.



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Dairy Prices Dip, But Recovery Could Be On Its Way
Tuesday, July 03, 2012 (1061 reads)


Dairy prices tumbled back close their lowest in nearly three years even amid hopes that, thanks to waning production growth, the end of market weakness may be on the horizon. Average dairy prices fell 5.9% at the latest globalDairyTrade auction back to some 5% from a low seven weeks ago, when they reached their weakest since August 2009.
 



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Louis Dreyfus to Buy Dairy Trader Ecoval
Tuesday, July 03, 2012 (1083 reads)


Global trader Louis Dreyfus Commodities (LDC) has agreed to buy Dutch trading firm Ecoval Holdings BV in an effort to tap into emerging market demand for dairy products and ingredients.



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Rabobank Reports Dairy Market Pricing Steady for Now and Tighter Fourth Quarter Likely
Tuesday, July 03, 2012 (997 reads)


A slow squeeze is likely to start reducing pressure on U.S. dairy producers through the rest of 2012, with a recovery gaining legs in early 2013. This is a key theme of the latest quarterly global dairy report from Rabobank's Food & Agribusiness Research and Advisory (FAR) group. The report says that though the market experienced a small rally in June as buyers moved to cover short term needs, U.S. milk prices remained down twenty three percent overall, compared to this time last year.



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