Mixed outlook for dairy market fundamentals continues
Dairy ingredient supplier Maxum Foods says the outlook for dairy market fundamentals continued to be mixed at the end of October 2022. Most of the focus is on the demand side with China sticking with a strict COVID policy until March 2023. Buyer caution persists in developing regions with the uncertain effect of inflation on…
Extreme Heat Is Stressing Cows, Imperiling Global Dairy Supply
Volumes of dairy are forecast to sink by nearly half a million metric tons this year in major exporter Australia as farmers exit the industry after years of pressure from heat waves. In India, small-scale farmers are contemplating investing in cooling equipment they’d have to stretch to afford. And producers in France had to pause…
Further downward pressure on global dairy prices
Prices have plummeted in the latest Global Dairy Trade auction, held overnight, with a 3.9 per cent decline across the board. It is the third significant drop in a row, with the index falling 4.6 per cent on October 18 and 3.5 per cent on October 4. Whole milk powder, which peaked in March at…
Consumer perceptions of plant-based milk alternatives
What motivates consumers’ choice of dairy milk products over plant-based milk alternatives? In a recent survey, researchers from the North Carolina State University found that most consumers (73%) associate dairy milk with positive attributes compared to those with a positive association with plant-based milk alternatives (14%). While dairy product consumption is motivated by both familiarity and habit,…
Growth opportunities in the dairy sector
Consumers may be tightening their belts, but there are still plenty of opportunities for dairy suppliers to increase sales. The cost-of-living crisis in the UK is having a significant impact on how consumers are choosing to spend their money. During 20‑31 July 2022, 89 percent of British adults said expenses had increased, with 94 percent…
Local dairies lauded for greenhouse gas reductions
Several Westside dairies were awarded sizeable grants from the California Department of Food and Agriculture for their work in reducing greenhouse gas emissions. The California Department of Food and Agriculture announced recently that it has awarded $37.65 million in grant funding to 41 methane reduction projects across the state. These projects, part of the Alternative…
China’s Appetite for Consumer Dairy Products Grows
China’s economic growth has slowed dramatically from pre-pandemic gains as the country continues to implement Covid restrictions. China’s appetite for some dairy products, however, has grown as consumers look to value-added products and the country’s pork industry recovers following devastating outbreaks of African swine fever that began in 2018. According to Sarina Sharp, analyst with…
Milk prices are projected to increase by 28% this year.What’s driving costs?
At the end of 2021, the cost of a litre of home-brand milk in an Australian supermarket was about $1.30. It’s now about $1.60. What will it cost at the end of 2022? That depends on the continued effect of flooding on prime dairy-production regions in New South Wales, Victoria and Tasmania, as well as on…
Dairy sector urges investment in R&D
Pakistan’s processed dairy sector is facing challenges in improving supply chain at a time when the livestock and agriculture sector of the country is in deep waters. According to stake holders, the country was already ranked as ‘low-productive’ when it comes to measuring per-animal yield. In milk production, however, despite being the third-largest producer of…
Dairy Farmers Could Make More Money Off Carbon Than Milk
Work on Vir-Clar Farm this time of year is in constant motion. A dairy doesn’t have a day off—but fall manure applications means the rhythm is even faster than normal, even with supply chain headaches. “We’ve had problems getting some supplies, we’ve had problems getting parts and products like milking gloves and blood tubes, penicillin now has…