Investment Opportunities in Vietnam’s Dairy Sector
Vietnam’s dairy sector is experiencing strong sales growth on the back of a middle-class that is expanding by the day. In this article, Vietnam Briefing examines opportunities in the sector for foreign firms but also the hurdles they may face. Vietnam’s growing population and the increasing wealth of its middle class is seeing demand for…
Lee Mielke: Milk estimates lowered in USA for 2024
The Agriculture Department lowered its milk production forecasts for 2023 and 2024 in the latest World Agriculture Supply and Demand Estimates report. The 2023 forecast was reduced from last month as milk cow numbers were revised lower in the latest Milk Production report, and the lower estimated numbers were carried into the fourth quarter forecast….
Dairy prices take a breather
While the key whole milk powder prices dipped 2.7%, five other products on Global Dairy Trade (GDT) auction recorded price rises. Lactose prices spiked over 19%, while skim milk powder, cheddar, anhydrous milk fat and butter milk powder prices all rose between 2% and 4%. Butter was the other product to post a price fall…
Reasons to believe dairy prices could move lower in the near term
September milk production was down 0.2% from a year ago and September’s Dairy Products report shows that milk was directed to the churn. StoneX says there was more fat and protein in the milk, along with declining fluid milk sales, so the amount of solids available to turn into dairy products was up about 1.1%….
Saputo indicates pricing cycle linked to inflation near end
Saputo has indicated the pricing cycle linked to inflation is coming to an end but the international dairy major is still seeing some “softness” in the category. While Saputo said volumes across the group were “stable” in the second quarter and were higher in its domestic Canadian market, export volumes remained under pressure, particularly in Europe…
China to import milk, dairy products from Pakistan
The Chinese government’s decision to allow the import of milk and dairy products from Pakistan marks a significant milestone in bilateral trade relations between the two countries and has potential to create a new avenue for economic cooperation, Ghulam Qadir Commercial Counsellor at Pakistan Embassy said. As China continues to diversify its import sources, the…
Foremost Farms Selects Ginkgo for Upcycling Dairy Co-products
Foremost aims to commercialize a technology that can convert dairy manufacturing co-products into environmentally friendly, value-added materials The partners aim to reduce the dairy industry’s carbon footprint while simultaneously lowering manufacturing costs and creating a significant new revenue stream for the hundreds of Midwest dairy farmer members comprising the Foremost Farms cooperative Foremost Farms will…
WORLD DAIRY NEWS GDT Price Index: takes a step down at the latest event
The GDT Price Index took a step down at the latest Global Dairy Trade Event. After four consecutive sessions of growth since September the index has softened by 0.7%. The average price reported at the latest event (7 November 2023) was $3,255. This had been recovering for the previous four consecutive periods, reversing the previous…
Agri-business: UK dairy industry set for export boost
To bolster the UK dairy industry, the Department for Business and Trade unveils the Dairy Export Programme, aimed at expanding agri-food exports in global markets The Dairy Export Programme, a direct outcome of the Prime Minister’s £1 million commitment to the dairy sector, offers agri-businesses a comprehensive support package to tap into new export opportunities and explore…
Cargill releases 2023 ESG Report
Cargill’s Fiscal Year 2023 ESG Report details the company’s progress towards its sustainability commitments and showcases the work being done to drive even greater positive global impact across operations, supply chains and communities, the company stated. Cargill’s sustainability strategy is intentionally designed to deliver on the company’s purpose of nourishing the world in a safe, responsible…