Global dairy alternatives industry to generate $55.4 billion by 2031
According to a report by Allied Market Research , the global dairy alternatives industry generated $13.1 billion in 2020 and is anticipated to generate $55.4 billion by 2031 witnessing a CAGR of 13.99% from 2022 to 2031. The market researchers attributed the growth to several factors, including a rise in the number of people allergic to dairy,…
Dairy prices, volumes drop at Global Dairy Trade auction
International milk prices and volumes fell in this month’s first Global Dairy Trade auction held by GDT Events, reported Reuters. The GDT Price Index fell 1%, with an average selling price of $4,981 per tonne, in the auction held on Tuesday. The index fell 0.9% at the previous sale, according to GDT Events. A total…
Dairy prices, volumes drop at Global Dairy Trade auction
International milk prices and volumes fell in this month’s first Global Dairy Trade auction held by GDT Events, reported Reuters. The GDT Price Index fell 1%, with an average selling price of $4,981 per tonne, in the auction held on Tuesday. The index fell 0.9% at the previous sale, according to GDT Events. A total…
New organic dairy rule taps down on how to expand herds
A major rule change was rolled out this week for the rapidly growing organic dairy industry in the United States. The USDA Origin of livestock rule announced this week puts a premium on cows used to produce organic milk. Those cows likely become the “few and the proud” as cows under conventional care will only once…
Russia-Ukraine Crisis Could Lower Global Dairy Consumption
The Russian invasion of Ukraine could also have an impact on the dairy supply chain. In addition, inflation in dairy markets could begin to weaken consumption, especially in Russia and low-income nations. The analysis coming from Betty Berning with the Daily Dairy Report. According to Rabobank, Russia and Ukraine are responsible for 18% of global…
New organic dairy rule taps down on how to expand herds
A major rule change was rolled out this week for the rapidly growing organic dairy industry in the United States. The USDA Origin of livestock rule announced this week puts a premium on cows used to produce organic milk. Those cows likely become the “few and the proud” as cows under conventional care will only once…
The fundie betting on the end of cow milk by backing up Remilk Israel
When Jackie Taranto, Gilad Grinbaum and Yaniv Izaki set up Paradigm Shift Asset Management it was predictable that their first investment would involve a global industry being turned on its head. The fundie backed an Israeli start-up, Remilk, because of its potential to cause a paradigm shift in the $US916 billion global dairy industry by…
Cadbury Dairy Milk chocolate bar is hit by shrinkflation
Shoppers are being hit with a bad news onslaught as the cost of living crunch hits like a mugger and Cadbury Dairy Milk chocolate is the latest victim. Supermarket executives have warned that they cannot swallow the rising costs to keep shelf prices the same as inflation reached a 30 year high of 6.2 per…
WORLD’S FIRST DAIRY-FREE BUTTERMILK MADE FROM GRAINS
Dairy-free buttermilk was always something home cooks made by adding acid to plant-based milk and waiting for it to curdle … until now. Dairy alternatives company Mill It created the first commercial dairy-free buttermilk, which relies on a proprietary blend of ancient grains. The company ferments these grains, which include millet and sorghum, to give…
Fonterra to exit Russian businesses amid ongoing conflict
New Zealand’s largest company Fonterra has announced that it is exiting Russia, after its Co-op decided “to suspend shipments of product to Russia at the end of February.” The decision from the world’s largest dairy exporter comes after Russia’s invasion of Ukraine in late February. The company assured that it will redeploy the staff affected…